Disclosures

The following information is provided in accordance with section 430(2B) of the Companies Act 2006.

Following the announcement of the retirement of Stuart Ingall-Tombs on 25 November 2024, he will step down from the Board of Rentokil Initial PLC with effect from 31 December 2024. To facilitate an orderly transition he is expected to remain an active employee until 31st March 2025 and be available to the Company until the end of his notice period on 24 November 2025. He will be treated as a good leaver, which is the default treatment for retirement and the Remuneration Committee agreed was appropriate to apply. His leaving terms are in line with the Directors’ Remuneration Policy and are summarised below. No discretion has been applied by the Remuneration Committee to his leaving arrangements.

• Stuart’s salary, pension and car allowance will be paid up to the end of his notice period of 24 November 2025 and will continue to be paid on a monthly basis.  In total he will receive £635,000, £16,740 and £15,180 respectively over the 12 months notice period.
• He will continue to receive contractual benefits during his notice period, including annual leave, family medical insurance, life assurance and permanent health insurance.
• He will be eligible for a bonus of a maximum of 225% of base salary for the 2025 financial year on a pro-rata basis whilst in active service, which is expected to be until 31st March 2025. Any bonus payable will be subject to the achievement of performance targets and will be determined by the Remuneration Committee following the end of the 2025 financial year and any payment due will be made in March 2026.
• He will not receive a Performance Share Plan (PSP) award in 2025. 
• His PSP awards that have vested, but are still in their holding period will be retained in full and will be released at the end of the holding period, in line with our Policy. 
• In line with the good leaver rules, he will retain a pro-rata of his in-flight PSP awards calculated by reference to grant date and the end of the notice period. These awards will vest at the end of the three-year performance period, subject to the achievement of the performance conditions. Any shares that vest will remain subject to a two-year holding period from the vesting date.
• His inflight Deferred Bonus Plan (DBP) awards will be retained in full and released at the end of the three-year deferral period, in line with our Policy.
• All outstanding PSP and DBP awards will remain subject to malus and clawback and he will comply with the post-cessation shareholding requirements.
• He received a contribution of up to £5,000 towards legal fees incurred.
• No further payments will be made to Stuart Ingall-Tombs.

The relevant remuneration details relating to Stuart Ingall-Tombs, including information on the vesting of any outstanding awards detailed above and the dividend equivalents payable on them, will be included in the relevant Directors' Remuneration Report in the Annual Report and Accounts. In accordance with section 430(2B) of the Companies Act 2006, the information contained in this document will be made available on Rentokil Initial’s website until the next Directors' Remuneration Report is made available, which is expected in late-March 2025.