Extension of Offer Period for Benckiser Merger

Reckitt & Colman PLC 17 November 1999 Not for release, publication or distribution, in whole or in part, in or into the United States, Canada, Australia or Japan. Proposed merger of Reckitt & Colman and Benckiser Extension of Offer Period Reckitt & Colman plc and Benckiser NV announce that very significant progress has been made with regard to the U.S. competition approval process, which is the only remaining regulatory consent required to effect the proposed merger between the two companies. In particular, agreement has been reached with the Staff of the Bureau of Competition of the Federal Trade Commission (FTC) on terms of a consent decree which relates to two non-core brands in the U.S., Delicare and Scrub Free. Contracts for sale related to these two brands have already been exchanged. The FTC Staff have forwarded this consent decree and related materials to the Commissioners for their review. The Commissioners' review is expected to be completed within the next two weeks. Therefore, the closing date of the Offer by Reckitt Benckiser Holdings B.V., a subsidiary of Reckitt & Colman, for Benckiser B shares has been further extended from 17 November 1999 until 10 December 1999 pending final review by the Commissioners of the FTC. A further announcement will be made as soon as it is clear when completion of the merger can take place. Although the Offer has been extended until 10 December 1999, the Offer Period may be closed on three days' notice by Reckitt Benckiser Holdings B.V. by an announcement to that effect. For further information David Saltmarsh 44 1753 746676 Company Secretary Reckitt & Colman plc Tom Corran SVP Corporate Communications 31 20 405 7534 Benckiser N.V. Bobby Leach 44 171 905 2537 Shandwick This announcement and related materials relate to the Offer and are not an extension of a tender offer in the United States or to any US person for any class of equity securities in Benckiser. The Offer will not be made, directly or indirectly, in, or by use of any means of instrumentality of interstate commerce or of the mails, or of any facility of any national securities exchange of, the United States (including its possessions or territories, any area subject to its jurisdiction and any political subdivision thereof) or to any US person and cannot be accepted by any such use or otherwise from within the United States or by any US person. Any purported acceptance of the Offer involving, directly or indirectly, any such means, instrumentality, mails or facility or otherwise from within the United States or by any US person will be deemed invalid. None of the securities offered as consideration will be registered under the United States Securities Act of 1933, as amended (the 'Act'). Accordingly, such securities may not be offered, sold or delivered in the United States or to US persons, unless an exemption from the registration requirements of the Act is available. This announcement and related materials do not constitute an offer of Reckitt & Colman Shares.
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