Interim Management Statement

Rank Group PLC
07 May 2008

7 May 2008

                               The Rank Group Plc
                          Interim Management Statement
                           17 weeks to 27 April 2008

The Rank Group Plc ('Rank' or the 'Group') announces trading results for the
first 17 weeks of 2008.

As anticipated, the effects of the smoking ban and adverse changes to gaming
regulations resulted in lower levels of Group revenue compared with the first 17
weeks in 2007. However, we have experienced a modest improvement in average
weekly revenue levels compared with the final four months of 2007 (the period
immediately following the implementation of the Gambling Act 2005), and
cost-saving initiatives have strengthened the Group's profit performance.

Having taken action to address our cost base, our objective is to return the
Group to revenue growth. We are focused on growing the number of visits to our
businesses by rewarding loyal customers, reaching out to engage with new
customers and raising standards of service and product for all customers.

Group

On a like-for-like basis, Group revenue was 8% lower than in the first 17 weeks
of 2007, reflecting the year-on-year effects on our UK retail businesses of the
English and Welsh smoking bans and the loss of Section 21 gaming terminals
(under the Gambling Act 2005). Revenue in Blue Square, our interactive business,
remained strongly ahead of the comparable period in 2007.

Year on year segmental and Group revenue for the 17 weeks to 27 April 2008

                                   Like-for-like revenue (excludes           Total revenue
                                     club openings, closures and
                                            relocations)
Mecca Bingo                                     (14)%                            (16)%
Top Rank Espana*                                 7%                                7%
Grosvenor Casinos                               (8)%                              (7)%
Blue Square                                      10%                              10%
Group                                           (8)%                              (9)%

* Year on year movements in revenue are shown on a Sterling basis; if stated in
Euros, Top Rank Espana revenue declined by 2%.

Mecca Bingo

In Mecca Bingo revenue declined by 14% on a like-for-like basis, with admissions
down 13% and spend per head down 1%.  However, this represents a modest
improvement in trading compared with the final four months in 2007.

In England and Wales, like-for-like revenue is down 17% against the comparable
period in 2007, while in Scotland it is marginally ahead.

During the period we extended the number of clubs with outside gaming areas to
43 and we developed 23 adult gaming centres within our Mecca Bingo portfolio. In
the clubs where we have been permitted to make these innovations, we have seen
incremental revenue and profit improvement.

In February 2008 we opened a new Mecca Bingo club at Thanet in Kent and we are
pleased with its early trading performance. In April we closed our Mecca Bingo
club in Swindon. At present no further club openings or closures are scheduled.

We were disappointed by the Government's decision to reject industry calls for
taxation reform for bingo in its Budget 2008. We support the position of the
Bingo Association that, in the absence of any clear rationale for the
perpetuation of 'double taxation', HM Treasury should grant bingo parity with
other forms of gaming in Britain through the abolition of VAT on bingo revenues.

Top Rank Espana

The difficult consumer environment in Spain affected the performance of our
Spanish bingo clubs business during the first 17 weeks of the year. Although our
reported revenue grew by 7%, this was as a consequence of the strength of the
Euro against Sterling. In Euros, revenue declined by 2%, with spend per head
flat and admissions down 2%.

Grosvenor Casinos

In Grosvenor Casinos revenue declined by 8% on a like-for-like basis, with
admissions down 14% and spend per head up 5%. Like-for-like revenue declined by
4% in our London casinos and by 13% in our provincial casinos. Our London
casinos benefited from an increase in spend per head, with win margin higher
than in the comparative period in 2007. Admissions were down by 14% in both
London and the provinces.

As with Mecca Bingo, this performance represents a modest improvement in average
weekly revenue, compared with the final four months in 2007.

In February we opened our fifth casino under the G Casino brand, at Thanet (a
relocation of our Ramsgate casino licence) and we are pleased with its early
trading performance. We remain on schedule to open our first casino in Scotland,
at Aberdeen later this year.

Blue Square

Blue Square, our interactive gaming division, grew revenue by 10% against the
comparable period in 2007. Our games products, and in particular, Meccabingo.com
performed strongly in the period but revenue from our sportsbook business was
lower, reflecting the increasingly competitive nature of the UK sports betting
market.

Pension Plan

As we announced at the time of our annual results on 29 February 2008, we have
entered into a series of agreements to transfer the assets and liabilities of
the Rank Pension Plan to Rothesay Life. Since then we have received the
appropriate tax clearance for the transaction from HM Revenue and Customs.

We remain on course to complete this transaction by 30 June 2008 and anticipate
a net cash inflow to Rank of at least £20m.

Outlook

Given the difficult trading environment for our retail gaming businesses we are
encouraged by the Group's start to 2008. We have achieved a degree of success in
adjusting to the smoking ban and the new gaming regulations and have taken
timely action to protect profits. Nevertheless we are conscious that the
difficult consumer climate is likely to make 2008 a challenging year for the
gaming sector.

Ends


Conference call

A conference call for investors and analysts will be held at 8.30am BST today (7
May 2008). Dial-in information follows below:

UK (free call):  0800 694 0257
USA (free call): 1866 966 9439
International: [phone]
Passcode: 44300631

A replay of the conference call will shortly be available from the Rank Group's
website (http://www.rank.com/).

Further enquiries

The Rank Group Plc
Dan Waugh, director of investor relations                     [phone]

Financial Dynamics
Ben Foster/Marc Cohen                                         [phone]


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