Holding in Company

Rank Group PLC
21 May 2001


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     THE RANK GROUP PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     LENS INVESTMENT MANAGEMENT LLC.

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

     NOTIFIABLE INTEREST OF COMPANY IN (2) ABOVE BY VIRTUE OF RELATIONSHIP WITH 
     HERMES LENS ASSET MANAGEMENT (See Notification dated 16 May 2001)

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

     SEE LETTER BELOW

5)   Number of shares/amount of stock acquired.



6)   ( - %) of issued Class


7)   Number of shares/amount of stock disposed



8)   ( - %) of issued Class

9)   Class of security

     ORDINARY SHARES

10)  Date of transaction

     16 MAY 2001

11)  Date company informed

     21 MAY 2001

12)  Total holding following this notification

     21,168,037 SHARES OF 10p EACH
               
              
13)  Total percentage holding of issued class following this notification

     3.577%

14)  Any additional information



15)  Name of contact and telephone number for queries

     CHARLES CORMICK
     0207 535 8012

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

     Date of Notification 21 MAY 2001



Letter to: Rank Group PLC

DISCLOSURE OF MATERIAL INTEREST IN SHARES
COMPANIES ACT 1985 - SECTION 198

We hereby inform you that as of 15/5/01 we have a material interest in the
following shares in your company:

Registered Holder:          Chase Nominees Limited
Amount of Shares:           21,168,037
Percentage of Holding:      3.577%

Please note that we do not have a direct holding in the above-mentioned shares
but that we are interested parties in these shares by virtue of our relationship
with Hermes Lens Asset Management Limited.

Letter from:  Lens Investment Management LLC