AGM Statement

Rank Group PLC
27 April 2005

                   The Rank Group Plc ('Rank' or the 'Group')
                              AGM Trading Statement
                          Update on Deluxe Separation

Summary
Overall, the Group's performance for the year-to-date is in-line with
expectations. Good results from Hard Rock and Deluxe have off-set a muted
performance in Gaming.

Gaming
Mecca Bingo's results are similar to last year. In the UK, admissions were down
4.5% and spend per head was up 5.4% in the period, resulting in overall turnover
in-line with last year. In Spain, the bingo business continues to deliver steady
growth, benefiting from an extra club which was added at the end of 2004.

Within Grosvenor Casinos, overall turnover is up 5%. The two London-upper
casinos have seen a softer than expected start to the year with handle down 7%
and a win percentage of just 13.5%. Elsewhere in London the Hard Rock casino in
Leicester Square continues to perform strongly and the three mid-market London
casinos have traded ahead of last year. Overall, turnover in the provinces was
up 8%, with admissions up 23% and handle up 9%. This includes the contributions
from the two new casinos at Bolton and Stoke-on-Trent which are performing well
and are already profitable.

Blue Square has enjoyed strong revenue and customer growth in the period. While
the Blue Square Poker room has yet to make a significant contribution, the Blue
Square casino is proving particularly popular. However, a weak margin in sports
betting has meant that overall, profit is behind last year.

Gambling Act
The new Gambling Act became law on 7 April 2005 and will provide significant
opportunities for the Group's gaming businesses. The major changes include:
• doubling of the number of Category B gaming machines from 10 to 20 per
  casino and an increase in stakes and prizes on gaming machines to £2 and
  £4,000 respectively
• advertising for casinos
• removal of the 24-hour rule in casinos and bingo clubs
• introduction of jackpot prizes in bingo
• removal of the limit on the number of multiple bingo games offered
• removal of statutory limit on stakes and prize for bingo games

Whilst Rank is positive about the longer term benefit of the new Act on the
Group's performance, there remains uncertainty regarding the exact timing and
impact of each of these measures. As a consequence, the Group believes it is
unlikely that there will be any material benefit in the current year.

Hard Rock
Hard Rock has performed well in the period. Within the owned cafes,
like-for-like sales were up 0.5%, with food and beverage up 2.7% and merchandise
down 3.9%. The recently opened cafes have continued to perform strongly so that
total owned cafe sales were up 8% compared with the same period in 2004. Hotels
and gaming activities have enjoyed a strong start to the year with the two
Seminole hotels and casinos performing ahead of expectations. The new Hard Rock
Hotel and Casino in Biloxi, Mississippi and the Hard Rock Hotel in Madrid are
both on track to open during the second half of the year.

Deluxe
After the unusually low levels of footage in the fourth quarter of 2004, Deluxe
Film has seen a return to more normal film volumes in North America, albeit with
lower operating margins. This, together with a strong performance by the
creative services businesses, has meant that Film has made good progress in the
year-to-date. Titles produced during the period included Hitch, Robots, and
Sahara. The film schedule for the rest of the year is encouraging with a number
of major titles expected, including Star Wars - Episode III, Bewitched, Pink
Panther and War of the Worlds.

In Deluxe Media, DVD manufacturing and distribution volumes are ahead of last
year but VHS volumes have continued to decline. Overall, Media has performed
better than expected, but will still incur the usual seasonal loss in the first
half.

Deluxe Separation
The sale of Deluxe Media is progressing and we are engaged in discussions with a
number of interested parties.

The Board remains convinced of the strategic merit in separating Deluxe Film
from the rest of the Group and is continuing to work towards a solution which is
in the best interests of all stakeholders. A number of alternative routes to
separation remain under consideration. However, as stated before, the issues are
complex and reaching an acceptable solution is likely to take some time. In the
meantime, Rank remains committed to supporting Deluxe Film's leading position in
film processing and distribution and developing the expanding creative services
business.

Outlook
Overall, the Group has made a satisfactory start to the year. The Board remains
confident that the Group's medium and long term prospects are strong.

Enquiries:
The Rank Group Plc                                         Tel: [phone]
Peter Reynolds, Director of Investor Relations

Press Enquiries:
The Maitland Consultancy                                   Tel: [phone]
Angus Maitland
Suzanne Bartch






                      This information is provided by RNS
            The company news service from the London Stock Exchange