Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

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

31/10/2013

6. Date on which issuer notified:

01/11/2013

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

13%- 14%

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

246,928,451

235,951,330

272,987,574

N/A

266,587,045

N/A

14.689%

GB00B082RF11

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

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

Call Option

1.09545

26/11/2013

N/A

-485,149

Nominal

Delta

-0.027

1

Call Option

1.13402

19/12/2013

N/A

-843,931

-0.047

1

Call Option

1.1394

17/01/2014

N/A

-829,687

-0.046

1

Call Option

1.13999

07/01/2014

N/A

-676,580

-0.037

1

Call Option

1.14885

13/11/2013

N/A

-651,042

-0.036

1

Call Option

1.1844

28/01/2014

N/A

-776,240

-0.043

1

Call Option

1.232

16/12/2013

N/A

-843,931

-0.047

1

Total (A+B+C)

Number of voting rights

Percentage of voting rights

266,587,045

14.689%

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

Cazenove Capital Management Limited 51,592 0.003%

Schroder Investment Management Limited 263,451,312 14.517%

Schroders Channel Islands Limited 50,025 0.002%

Schroder & Co Limited 3,034,116 0.167%

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.

14. Contact name:

Paul Griffiths, Company Secretary

15. Contact telephone number:

01293 858 000