Director Shareholding

Rank Group PLC
8 March 2004


                       SCHEDULE 11

     NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED 
                        PERSONS


1)  NAME OF COMPANY

THE RANK GROUP PLC

2)  NAME OF DIRECTOR

MICHAEL EDWARD SMITH

3)  Please state whether notification indicates that it is in respect of
    holding of the shareholder named in 2 above or in respect of a
    non-beneficial interest or in the case of an individual holder
    if it is a holding of that person's spouse or children under the
    age of 18 or in respect of an non-beneficial interest

DIRECTOR

4)  Name of the registered holder(s) and, if more than one holder, the
    number of shares held by each of them. (If notified)

DIRECTOR

5)  Please state whether notification relates to a person(s) connected
    with the Director named in 2 above and identify the connected person(s)

DIRECTOR

6)  Please state the nature of the transaction. For PEP transactions
    please indicate whether general/single co PEP and if discretionary/non
    discretionary

EXERCISE AND SALE OF SHARE OPTION

7.  Number of shares/amount of
    stock acquired

167,375

8)  Percentage of issued Class

NOT SIGNIFICANT

9)  Number of shares/amount
    of stock disposed

167,375

10) Percentage of issued Class

NOT SIGNIFICANT

11) Class of security

ORDINARY SHARES

12) Price per share

EXERCISE PRICE - £2.2625
SALE PRICE     - £3.1821

13) Date of transaction

8 MARCH 2004

14) Date company informed

8 MARCH 2004

15) Total holding following this notification

400,000 ORDINARY SHARES OF 10P

16) Total percentage holding of issued class following this notification

NOT SIGNIFICANT

     IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE
                    COMPLETE THE FOLLOWING BOXES

17) Date of grant

N/A

18) Period during which or date on which exercisable

N/A

19) Total amount paid (if any) for grant of the option

N/A

20) Description of shares or debentures involved: class, number.

N/A

21) Exercise price (if fixed at time of grant) or indication that price
    is to be fixed at time of exercise

N/A

22) Total number of shares or debentures over which options held
    following this notification

N/A

23) Any additional information

N/A

24) Name of contact and telephone number for queries


CHARLES CORMICK 020 7706 1111


25) Name and signature of authorised company official responsible for
    making this notification

    Date of Notification     8 MARCH 2004                            



END


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