Announcements

RB Press release - 11/09/2007
New Corporate Structure - Posting of Circular

Reckitt Benckiser plc today posts a circular to shareholders regarding its corporate restructuring.

The proposals seek to create additional distributable reserves to allow the long-term continuation of the Company’s progressive dividend and share buyback policies. In addition, the proposals seek to cancel and repay the Company’s preference shares.

The proposals in summary are: -

• A scheme of arrangement whereby shares in Reckitt Benckiser plc will be swapped for an equivalent number of shares in Reckitt Benckiser Group plc, a new holding company.
• This will be followed by a reduction in capital of the new holding company to create distributable reserves.
• Reckitt Benckiser Group plc shares will be listed on the London Stock Exchange in exactly the same way as the existing Reckitt Benckiser plc shares (which will be de-listed).
• The Reckitt Benckiser Preference Shares will be cancelled and repaid at par value of £1 each.
• Reckitt Benckiser’s share premium account and capital redemption reserve will be cancelled to create distributable reserves within the Company.

The proposals are subject to Court approval and the approval of shareholders (for the scheme of arrangement and capital reductions) and preference shareholders (for the cancellation and repayment of the preference shares). A circular is being posted to shareholders today. The Court, EGM and Preference Shareholder Class meetings will be held on 4th October 2007.

Reckitt Benckiser plc has been advised by Credit Suisse Securities (Europe) Limited.

For Further Information

Reckitt Benckiser plc
 
 +44 (0) 1753 217800
 
Tom Corran
 SVP Investor Relations & Corporate Communications

 All Queries
 
Mark Wilson
 Corporate Controller & Investor Relations Manager

 Investor Queries
 
Fong Fong
 Head of Corporate Communications
 Press Queries

Credit Suisse Securities (Europe) Limited
 +44 (0) 20 7888 8888
 
Piers de Montfort / Chris Byrne

 Investor Queries
 
Brunswick PR Agency
 +44 (0) 207 404 5959
 
Susan Gilchrist / Catherine Hicks
 Press Queries

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