Conversion of Securities

Reckitt Benckiser plc                             

                           Conversion of Securities                            

Reckitt Benckiser today announces that the holders of 151,639,822 9.5 per cent.
Convertible Capital Bonds 2005 of Reckitt & Colman Capital Finance Limited
('Bonds') exercised their conversion rights during July 2004 to convert their
Bonds into 30,573,115 fully paid ordinary shares of Reckitt Benckiser plc in
accordance with the circular dated 25th June 2004. A block listing application
in respect of these shares was made on 2 August 2004.

5 August 2004