Holding in Company

Rank Group PLC
7 November 2001

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

THE RANK GROUP PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

CGNU PLC

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

A NOTIFIABLE INTEREST OF COMPANY IN (2)

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)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed



8)   ( N/A %) of issued Class

9)   Class of security

ORDINARY SHARES

10)  Date of transaction

31 OCT 2001

11)  Date company informed

07 NOV 2001

12)  Total holding following this notification

24,170,391
               
13)  Total percentage holding of issued class following this notification

4.08%

14)  Any additional information



15)  Name of contact and telephone number for queries

CHARLES CORMICK
020 7535 8012

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

     Date of Notification ......7 NOVEMBER 2001..................

Letter to The Rank Group plc
Dated 1 November 2001

THE RANK GROUP PLC (THE 'COMPANY') - SEDOL 0724076

This notification supersedes our previous notification to you dated 25 September
2001 and is prompted by purchases totalling 681,067 on 31 October 2001.

This notification relates to issued ordinary shares of GBP0.10 each in the 
capital of the Company (the 'shares') and is given in fulfilment of the 
obligations imposed by sections 198 to 202 of the Companies Act 1985 (the 
'Act').

1.    Notification on behalf of Morley Fund Management Limited (a subsidiary of 
      CGNU plc).

1.1   We hereby notify you on behalf of Morley Fund Management Limited that     
      immediately after the time when the obligation to make this notification  
      arose Morley Fund Management Limited were interested in 24,170,391 shares.

1.2   The identity of the registered holders of the shares to which this        
      notification relates and the number of shares held by each of them are set
      out in the Appendix below: Morley Fund Management Limited.

2.    Notification on behalf of CGNU plc.

2.1   We hereby notify you on behalf of CGNU plc that immediately after the time
      when the obligation to make this notification arose CGNU plc were         
      interested in 24,170,391 shares giving the CGNU group a total percentage  
      interest in the shares of 4.08%.

2.2   The identity of the registered holders of the shares to which this        
      notification relates and the number of shares held by each of them are set
      out in the Appendix below: CGNU plc.

If you require further information as to which companies in the CGNU group hold 
interests in the shares (by virtue of s.203 of the Act) please submit a written 
request and we will be happy to supply this information.

We are only required to notify interests which are defined as material interests
when the holding is equal to 3% or more of the Company's relevant share capital.
The term material interests exclude certain categories where we do not hold a 
beneficial interest, for example where the shares are held in an Authorised Unit
Trust Scheme or Open Ended Investment Company. Holdings in those categories are 
therefore not included in the holding notified under this letter. If you wish us
to confirm the level of holdings in these categories, please let us know.

Letter from CGNU plc


APPENDIX: MORLEY FUND MANAGEMENT LIMITED

REGISTERED HOLDERS                                  NUMBER OF SHARES HELD

BNY Norwich Union Nominees Ltd                       7,740,339 (Material)

Chase GA Group Nominees Ltd                          4,669,536 (Material)

Chase Nominees Ltd                                      24,975 (Material)

CUIM Nominee Ltd                                    10,932,202 (Material)

RBSTB Nominees Ltd                                     803,339 (Material)

TOTAL PERCENTAGE INTEREST OF MORLEY FUND MANAGEMENT LIMITED: 4.08% 
ISSUED SHARE CAPITAL ON WHICH THIS NOTIFICATION IS BASED: 591,888,560


APPENDIX: CGNU PLC 

REGISTERED HOLDERS                                  NUMBER OF SHARES HELD

BNY Norwich Union Nominees Ltd                        7,740,339   (Material) 

Chase GA Group Nominees Ltd                           4,669,536   (Material)

Chase Nominees Ltd                                       24,975   (Material)

CUIM Nominee Ltd                                     10,932,202   (Material)

RBSTB Nominees Ltd                                      803,339   (Material)

 
TOTAL PERCENTAGE INTEREST OF CGNU PLC: 4.08% 
ISSUED SHARE CAPITAL ON WHICH THIS NOTIFICATION IS BASED: 591,888,560