Holding(s) in Company

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

Rentokil Initial plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

ü

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to thenotification obligation: iii

Schroders plc

4. Full name of shareholder(s)  (if different from 3.):iv

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

16.04.14

6. Date on which issuer notified:

17.04.14

7. Threshold(s) that is/are crossed orreached: vi, vii

16%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

Ordinary

GB00B082RF11

297,130,767

290,525,385

298,205,767

N/A

285,289,485

N/A

15.697%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

Call Option / 1.20458

08/07/2014

N/A

-466,339

-0.026

Call Option / 1.23382

16/04/2014

N/A

-627,016

-0.034

Call Option / 1.27405

29/04/2014

N/A

-861,011

-0.047

Call Option / 1.2858

14/05/2014

N/A

-470,965

-0.026

Call Option / 1.31914

20/06/2014

N/A

-786,338

-0.043

Call Option / 1.34801

28/05/2014

N/A

-555,921

-0.031

Call Option / 1.3466

19/06/2014

N/A

-503,736

-0.028

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

CFD

N/A

N/A

N/A

6,310,900

Nominal

Delta

0.289

1

Total (A+B+C)

Number of voting rights

Percentage of voting rights

291,600,900

16.04%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi

Cazenove Capital Management Ltd 58,572 0.003%

Schroder Investment Management Limited 282,865,059 15.563%

Schroders Channel Islands Limited 50,025 0.003%

Schroder & Co Limited 2,315,829 0.127%

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will ceaseto hold:

12. Date on which proxy holder will cease to holdvoting rights:

13. Additional information:

The shares referred to in section 9 are held in portfolios managed by those firms on a discretionary basis for clients under investment management agreements. This disclosure has been calculated based on issue share capital amount 1,817,498,329.

14. Contact name:

Paul Griffiths, Company Secretary

15. Contact telephone number:

01276 607 444