Holding(s) in Company

Rank Group PLC
24 June 2002


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     THE RANK GROUP PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     ALLIANZ GROUP AG

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 AND ITS 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

     21 JUN 2002

11)  Date company informed

     21 JUN 2002

12)  Total holding following this notification

     17,889,749
               
13)  Total percentage holding of issued class following this notification

     3.01%

14)  Any additional information



15)  Name of contact and telephone number for queries

     CHARLES CORMICK
     COMPANY SECRETARY
     020 7706 1111

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

     Date of Notification ...24 JUNE 2002.........



LETTER TO:  RANK GROUP PLC - DATED 21 JUNE 2002

Notification pursuant to S198 Companies Act 1985 ('the Act')

Dresdner Kleinwort Wasserstein Group Limited ('DrKWG') is an indirect subsidiary 
of Allianz AG.

The shares in DrKWG are held by Dresdner Investments (UK) Limited ('Dresdner
Investments'), a wholly owned direct subsidiary of Zenon Beteiligungs GmbH
('Zenon') which is itself a wholly owned direct subsidiary of Dresdner Bank AG
('Dresdner'). Dresdner is a direct subsidiary of Allianz Finanzbeteiligungs GmbH
('Allianz Finanz'), which is itself a direct subsidiary of Allianz AG.

A purchase on 14th June 2002 of 967,876 shares (followed by purchases on 17th
and 18th June of 143,004 and 52,001 shares) by Dresdner RCM Global Investors
LLC (an indirect subsidiary of Allianz AG) has resulted in a 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 17,889,749
shares representing 3.019% of the ordinary issued share capital of 592,549,312
shares.

This announcement is made by DrKWG on behalf of Allianz AG and its subsidiaries.


LETTER FROM: DRESDNER KLEINWORT WASSERSTEIN GROUP LIMITED



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