AGM Statement

Rank Group PLC
25 April 2002

AGM TRADING STATEMENT

Trading in the year to date has been good with results fully in line with our
expectations.

The Group continues to make progress on a number of fronts as we accelerate our
development activities.

The Gaming Division enjoyed strong results across all of its businesses with a
continuation of the positive trends shown in the second half of 2001. We have
maintained the more aggressive promotional activity within Mecca Bingo resulting
in an improved attendance trend. The combination of improved facilities, later
opening (now being extended into the London casinos) and additional automated
roulette machines continues to give a considerable lift to the casino business.
The upper end casinos in London have returned to more normal levels of trading.

Rank.com has launched additional UK games including a £1 million prize bingo
style product. Registered players now exceed 40,000. The casino games that will
be offered through the Isle of Man licence, branded Hard Rock, will be available
from June.

Hard Rock had a profitable first quarter although, as expected, profits were
below last year. Like for like sales trends have improved since the nadir last
September but remain around minus 5%, being mostly a shortfall in merchandise
sales at major tourist locations. The major test of the recovery will be in the
peak summer season. The Hard Rock hotel in Orlando has already experienced a
turnaround in occupancy and rate. The announced expansion programme continues
apace with the new Munich and Austin (Texas) cafes now fully open.

The financing for the Hard Rock branded Seminole Indian Nation casino/hotel
development in Florida is expected to be in place in the next few weeks. Hard
Rock will receive licence fees from the opening of the resorts in 2004.

Deluxe had strong results mainly driven by growth in film (partly facilitated by
the Rome Laboratory opened last year) but also with continued resilience in
video duplication and distribution. The DVD market is improving and we have
committed to increased capacity to meet the peak season in the fourth quarter of
the year.

We continue to negotiate the early renewal of existing Deluxe contracts,
although none expire this year. As previously stated, the combination of advance
payments for these renewals and the increased level of capital expenditure
across the Group will result in a net cash outflow for the year.

Whilst some uncertainties remain, we consider the general trading outlook for
2002 to be firm. We welcome the Government's positive reaction to the
liberalising Budd Report and whilst the necessary mainstream legislation may
still be some time away, the likely shorter term deregulation in both casinos
and bingo will be helpful from the latter part of the year.


ENQUIRIES:
The Rank Group Plc                                                 020 7706 1111
Ian Dyson, Finance Director
Kate Ellis-Jones, Director of Investor Relations                   020 7535 8031
The Maitland Consultancy
Suzanne Bartch                                                     020 7379 5151


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