Statement re JAB Holding

3rd April 2003 JAB Completion of Disposal Programme Reckitt Benckiser plc today issued the following clarification regarding Joh.A.Benckiser GmbH (JAB) and its shareholding in Reckitt Benckiser plc following the announcement from JAB earlier today. On 19th February JAB sold 25m shares (3.5%) through a placing organised by Morgan Stanley. Last night Reckitt Benckiser was informed by JAB that it has sold a further 35m (5.0%) shares completing the disposals necessary to satisfy its need for liquidity. As a result, JAB will now be entitled to nominate only one non-executive director of Reckitt Benckiser plc rather than 2 previously. JAB is a holding company which owns shares in Reckitt Benckiser plc, 100% of Coty Inc. the US based cosmetics company, and a number of minor investments. JAB is owned equally by 5 members of the original Benckiser founding family. Part of the proceeds of the sale will be used to complete the repurchase of the indirect investment of a member of the controlling family of JAB commenced in February, and the balance will permit JAB to reduce its borrowings. For its remaining stake of 15.7% Reckitt Benckiser has been informed that JAB is a committed long-term shareholder in Reckitt Benckiser, and fully intends to participate in the excellent prospects for future growth and shareholder value creation that Reckitt Benckiser's management and strategy offer. As a result JAB informed the Company it has no intention of making any further reduction in its interest in Reckitt Benckiser. This position has today been shared to ensure an orderly market in the Company's shares. For further information Tom Corran Reckitt Benckiser plc +44 1753 217 800 SVP Investor Relations & Corporate Communications
UK 100

Latest directors dealings