1

Reckitt BenckiserInvestor Presentation: Half Year 201026th July 2010

2

Bart BechtChief Executive Officer

3

HY 2010: Summary

• Total business continues to perform very strongly

• Ex-RBP, HY10 performance in line with full year financial targets

• Cash flow generation remains strong

• Interim dividend per share increased by +16% to 50.0p

• FY 2010 targets re-iterated

4

1.5 1.6 1.71.8 1.8 1.9

2.0

2.42.7

3.1

3.8

4.1

1.0

1.5

2.0

2.5

3.0

3.5

4.0

4.5

Net revenue (£bn)

103116

165 173199

234268

303

395

465

613

728

0

100

200

300

400

500

600

700

800

Adj.* net income (£m)

1999 - 2010 1999 - 2010

2004 restated following the adoption of IFRS* Adjusted to exclude the impact of exceptional items

HY 2010: +6% @ constant (+7% @ actual) HY 2010: +18% @ constant (+19% @ actual)

Total business continues to perform strongly HY 2010 analysis

5

Growth by AreaHY net revenue trend, 2006-2010 (in £m & % growth @ constant exchange)

0

1,000

2,000

3,000

4,000

5,000

Europe NAA DvM Base RBP Total RB

HY10: -1% HY10: +6%HY10: +24%HY10: +19%HY10: +4% HY10: +5%

CAGR: +4% CAGR: +8%CAGR: +41%CAGR: +7%CAGR: +15%CAGR: +7%

Net revenue (ex-RBP) of +5% (@ constant) consistent with FY target

6

Growth by categoryHY net revenue trend, 2006-2010 (in £m & % growth @ constant exchange)

0

400

800

1,200

HP&C Fabric Surface Home Dishwashing

CAGR: +4% CAGR: +5% CAGR: +5%CAGR: +10%

HY 2010: -1% HY 2010:+5%HY 2010: +7% HY 2010: +2%HY 2010: +8%

CAGR: +12%

Category growth reflective of strong contribution by DvM

7

Colin DayChief Financial Officer

8

Q2 & HY 2010 resultsProfit & Loss summary

2009 2010 % change£m £m actual constant

Q2 2010:

Net revenue 1,872 2,061 +10% +6%

Gross profit 1,115 1,246 +12% +8%

Operating profit 414 503 +21% +17%

Net income 310 380 +23% +18%

HY 2010:

Net revenue 3,783 4,064 +7% +6%

Gross profit 2,234 2,437 +9% +8%

Operating profit 819 964 +18% +17%

Net income 613 728 +19% +18%

9

High quality net revenue growthVolume versus price / mix: HY 2010

% Base Total RB

Volume +4

+1

+5

+1

+6

+5

Price/mix +1

Constant FX growth +6

Exchange +1

Reported growth +7

10

Strong business momentumVolume growth by quarter

Q109 Q209 H109 Q309 Q409 FY09 Q110 Q210

+3% +5%

+5%

+4%

+5%+6%

+5%

+6%

HY10

Base business

+3% +4% +5% +6% +4%

Total RB +4% +6% +6% +9% +5%

Consistent volume growth

11

Growth by AreaAt constant exchange

£m %ch £m %chEurope 1,752 -1 401 +0NAA 1.073 +4 206 +16DvM 929 +19 142 +37Base business 3,754 +5 749 +10RBP 310 +24 215 +48Total 4,064 +6 964 +17

Net revenue Operating profit

HY 2010:

£m %ch £m %chEurope 846 -1 195 +0NAA 545 +4 101 +19DvM 491 +18 78 +28Base business 1,882 +5 374 +10RBP 179 +21 129 +47Total 2,061 +6 503 +17

Net revenue Operating profit

Q2 2010:

12

HY 2010: +90bp

Consistent margin progressionHY gross margin, 2006-2010 (%)

55.7

57.658.3

59.160.0

50

52

54

56

58

60

2006 2007 2008 2009 2010

• Improvement largely from the base business, and driven by:

Input cost savings

Positive FX transaction impact on raw & packs

Squeeze / X-Trim contribution

Volume leverage

Consistent with the +50-80bp previously indicated for FY10

13

Consistent margin progressionHY operating margin, 2006-2010 (%)

HY 2010: +210bp

17.1

19.9

20.5

21.6

23.7

14

16

18

20

22

24

2006 2007 2008 2009 2010

• Increased media activity at more favourable rates

HY media spend: 11.7% NR versus 12.1% in HY 2009

• Significant growth in Other Consumer Marketing

• Base business: +100bp

c. 80% from GM uplift, 20% from operating leverage

14

Margins by AreaHY operating margin %, 2006-2010

Prior to 2008, RBP was included within Europe and NAA. Previous years have been restated to exclude RBP2006, 2007 and 2008 adjusted to exclude exceptional items

0

5

10

15

20

25

30

35

40

Europe NAA DvM Base RBP Total RB22.9% (+30bp) 19.2% (+240bp) 15.3% (+200bp) 69.4% (+1,070bp) 23.7% (+210bp)20.0% (+100bp)

15

Income statement

HY 2009 HY 2010 %ch %ch£m £m actual constant

Operating profit 819 964 +18 +17

Interest (3) 7

Profit before tax 816 971 +19 +18

Taxation (203) (243) +20 +18

- Underlying tax rate 25% 25%

Net income 613 728 +19 +18

- Net income % NR 16.2% 17.9%

EPS – fully diluted 85.1p 99.2p +17

16

Strong cash flow generationHY operating & net cash flow, £m

• Cash generated from operations -3%, at £1,090m

113% operating profit

• Net cash flow of £692m

Reflects settlement of a number of outstanding tax matters

• Net working capital of minus £1,229m

15.3% net revenue0

200

400

600

800

1,000

1,200

2006 2007 2008 2009 2010

Cash generated from operations Net cash flow

17

Net cash / (debt) In £m Net cash flow 692

Dividends (411) Other (inc. FX) 76Change in net cash 357

Continued strong cash flow generation

-1,200

-1,000

-800

-600

-400

-200

0

200

400

600

800

FY 2008 HY 2009 FY 2009 HY 2010

18

Dividend per share In pence

H1 dividend increased to 50.0p, +16%

45.5

55.0

80.0

100.0

43.050.0

0

10

20

30

40

50

60

70

80

90

100

FY06 FY07 FY08 FY09 HY09 HY10

19

Bart BechtChief Executive Officer

20

Same proven strategy …

• Above industry average net revenue growth

− Focus on Powerbrands in higher growth categories

− Systematic innovation to excite consumers

− Geographical roll-outs

− Exploit opportunities from add-on acquisitions

• Convert into strong profit growth and cash flow

− Cost optimisation

− Price and mix management

− Net working capital controls

− Focus on cash returns

21

Initiatives for H2 2010Dettol®

Roll out of Lysol® No-Touch™ Hand Soap System under Dettol®

Removes the need to touch a grimy soap pump ever again, helping to stop the spread of germs and infections

22

Initiatives for H2 2010Dettol®

Dettol® personal careContinued roll-out into new geographies including Israel, Sweden and Romania, following on from

Brazil, Turkey Italy and Poland (amongst others) during the first half year

23

Initiatives for H2 2010Lysol®

Lysol® Neutra Air Fabric MistBoth kills germs and eliminates odours on soft surfaces

24

Initiatives for H2 2010Strepsils®

Strepsils® Warm Combines a comforting warming sensation with effective sore throat relief

25

Initiatives for H2 2010Nurofen® / Mucinex®

Nurofen® for ChildrenAn ibuprofen suspension offering fever and pain relief specifically to children over the age of six

years

Children’s Mucinex® Multi-Symptom Cold Liquid

Provides relief relief from a stuffy nose, a cough and chest infection

26

Initiatives for H2 2010Airwick®

Airwick® RibbonsA premium candle with the benefit of

“super-fragrancing”, delivered through fragrance ribbons packed with

essential oils

Airwick® Touch of LuxuryLaunch of Airwick Touch of Luxury, providing consumers with more luxurious fragrancingand available in <i>-motion, Freshmatic and

electrical formats

27

Initiatives for H2 2010Finish®

Finish® Quantum TargetAn improved formula with new cleansing

microbeads to target and soften even the toughest stains, as well as offering amazing shine and

cleaning

Finish® Shine + Dry Rinse AidWith new Quick-Dry formula, which actively removes

water spots and drops for sparkling dry dishes straight from the dishwasher

28

Targets for 2010 re-iterated

* Based on average H110 rates and assuming 30/6/10 spot rates as the average for H210

• RB ex-RBP

Net revenue: +5% @ constant exchange (continuing operations, base: £7,144m)

Operating profit: +10% @ constant exchange (continuing operations, base: £1,512m)

Exchange might add c.+5% points*

• Total RB

Continued good growth in 2010

Not considered appropriate to give specific targets, owing to uncertain timing of generic competition to Suboxone in the U.S.

29

Offer for SSL International plc (“SSL”)

The boards of Reckitt Benckiser Group plc ("Reckitt Benckiser“ or “RB”) and SSL International plc ("SSL") announced that they have reached agreement on the terms of a recommended cash offer to be made by Reckitt Benckiser plc, a wholly-owned subsidiary of Reckitt Benckiser, to acquire the entire issued and to be issued share capital of SSL (the “Offer”).

Information about the Offer has been provided in the Rule 2.5 Announcement, published on 21 July 2010 and made available at http://www.rb.com/Media-Investors/Reckitt-Benckiser-offer-for-SSL-International. Under the requirements of the City Code on Takeovers and Mergers (the “Code”), Reckitt Benckiser cannot provide commentary or ancillary remarks about the Offer that do not meet the obligations of the Code. This presentation and all comments made by representatives of RB about the Offer will be limited to the substantive information provided in the Rule 2.5 Announcement.

30

Background

• About SSL

Focused consumer products company

Last reported financials (31 March 2010)

Net revenue £802.5m, operating profit: £126.0m

Underlying growth: +4.1% in branded consumer business, +1.8% overall business

Product breakdown of net revenue: Durex/Contex 43%, Scholl 34%, Local brands 10%, Other 13%

Geographic breakdown of net revenue: Europe 78%, Asia Pacific/RoW 18%, Americas 4%

• The Offer

1,163 pence per SSL share …

… plus entitlement to SSL dividend of 8 pence per share

Fully-diluted offer value of c.£2,540m

Immediately earnings enhancing, excluding restructuring charges

31

Another step change in HPC: also in East AsiaH&PC net revenue, 2006-2009 (in £bn)

1.11.2

1.7

2.1

2.8

0.0

1.0

2.0

3.0

2006 2007 2008 2009 2009 PF

• H&PC has been a key driver of RB’s past success

2009 LFL net revenue: +14% vs “base business” +6%

LFL net revenue CAGR, 2006-2009: +14%, vs “base business” +7%

• >+36% increase in RB’s HPC net revenue as a result of the acquisition

H&PC will be one-third total group NR

• Materially enhances RB’s scale and critical mass in China and Japan

32

Financially and strategically attractive

• Leading global brands in Durex and Scholl with potential for further growth

Durex/Contex: global leader in condoms

Scholl: footcare leader in many markets

Would become Powerbrands for RB

• Cost synergies of £100m per annum by the end of 2012

Removal of commercial and administrative overlaps

Certain procurement synergies

• Combination of good growth potential and improved margin profile post-cost synergies

• Immediately earnings enhancing, excluding restructuring charges

An attractive acquisition for RB shareholders

33

• Bilateral facilities increased from £1.65bn to £1.90bn

• New 364 day (plus term out) bridging facility of £1.25bn

• New 2 year Revolving Credit facility of £0.50bn

• Total available facilities are therefore £3.65bn

Funding SSL

34

Timing

• Offer is conditional on a number of factors

Sufficient valid acceptances from SSL shareholders

Anti-trust clearances in the EU, Russia, Ukraine and the U.S.

• Offer document will be posted within 28 days following date of announcement

Will include further information on timing

Expected completion during Q4 2010

35

Reckitt BenckiserInvestor Presentation: Half Year 201026th July 2010