Holding(s) in Company

Rank Group PLC
25 July 2002


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     THE RANK GROUP PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     ALLIANZ AG AND SUBSIDIARIES

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 COMPANIES IN (2) ABOVE AND THEIR SUBSIDIARIES

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

     22 JULY 2002

11)  Date company informed

     25 JULY 2002

12)  Total holding following this notification

     23,965,341
               
13)  Total percentage holding of issued class following this notification

     4.04%

14)  Any additional information



15)  Name of contact and telephone number for queries

     CHARLES CORMICK
     020 7706 1111

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

     Date of Notification   25 JULY 2002



Letter to Rank Group Plc

Dated 22nd July 2002


Notification pursuant to s198 Companies Act 1985 ('the Act')

Dresdner Kleinwort Wasserstein Group Limited ('DrKWG') is an indirect 
subsidiary of Allianz AG. This announcement is made by DrKWG on behalf of 
Allianz AG and its subsidiaries.

Dresdner Bank AG ('Dresdner') is a direct subsidiary of Allianz 
Finanzbeteiligungs GmbH ('Allianz Finanz'), which is itself a direct 
subsidiary of Allianz AG ('Allianz'). As a result of s203 of the Act Allianz 
AG and Allianz Finanz are interested in the Rank Group Ordinary shares in which 
Dresdner is interested.

A purchase of shares on 17th July 2002 by an investment management subsidiary 
of Dresdner has resulted in a change in the material disclosable interest 
within the Allianz AG group of Companies.

The shares comprising the aggregated holding are held in the name of various 
nominee companies. We would advise you that the interests in the majority of 
these shares are in respect of discretionary clients of non-European Union 
investment management subsidiaries.

We hereby notify you that the disclosable material interest of Allianz AG and 
subsidiaries in the ordinary share capital of your company amounts to 23,965,341
shares representing 4.04% (formerly 3.01%) Of the ordinary issued share capital
of 592,549,312 shares. Included within the interest of Allianz AG is the
material interest of Dresdner Bank AG, which with its subsidiaries, is
interested in 3.1% of the issued ordinary share capital.

Letter from:  Dresdner Kleinwort Wasserstein Group Limited


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