Trading Statement

Rank Group PLC
16 November 2000






                              THE RANK GROUP PLC


                       THIRD QUARTER TRADING STATEMENT


                        (1 JULY TO 30 SEPTEMBER 2000)


In the third quarter of 2000, the Group made further progress in terms of
improving operating performance, reducing its span of activities and
developing its remaining businesses.


Operating profit from continuing businesses (now principally Deluxe, Gaming
and Hard Rock) was significantly ahead of the same period last year with
strong results in Gaming and Hard Rock more than compensating for lower
profits in Deluxe. Operating cash flow was strongly positive. The overall
outlook for the fourth quarter is satisfactory, underpinned by the stronger
volumes in Deluxe usual at this time of the year, and accordingly, we
anticipate the full year results to be in line with our expectations.


Gaming operating profit continues to be very good, with both Mecca and
Grosvenor profits much higher than last year. The Gaming division is now
clearly the biggest profit contributor to the Group. Following the success of
recent relocations we intend to accelerate development, albeit selectively,
across the two estates.


The improved results at Hard Rock have continued with operating profit for the
quarter ahead of 1999 due largely to reduced overheads following last year's
restructuring. Like for like revenue trends were the same as in the first half
of the year. The enhanced Hard Rock web site is attracting a high level of
interest and is supporting our links with the music related businesses.
Following the announcement of deals for hotels and casinos at the half year we
are hopeful that other franchise prospects will be brought to fruition in the
coming months.


As anticipated, Deluxe experienced a difficult third quarter. Operating profit
from video duplication was adversely affected by the loss of the Fox Home
Entertainment contract in the USA and continued margin pressure in Europe. The
restructuring of video in the USA, with duplication now centred on the
Arkansas facility, has been completed leaving this business with lower costs
and better positioned to service its customers effectively. The DVD facility
in California is fully integrated into Deluxe and a modest capacity expansion
has been completed. In film processing, total footage was a little ahead of
last year but lower average pricing led to slightly reduced turnover and
operating profit. Prospects for the fourth quarter are positive however, with
a strong release schedule planned. The new Rome film laboratory will open
before the end of the year.


The disposal of the UK Holidays business was completed on 20 October.
Operating profit for this business up to the date of disposal was broadly
similar to 1999, before an FRS 15 charge of £9 million. We have now raised
some £1.4 billion from disposals in the past 12 months leaving the Group with
substantially reduced net debt. Following the purchase of 10% of the Group's
ordinary shares earlier in the year, a further 7.4% has been purchased during
the last month, bringing the total expenditure on share buybacks to over £200
million in the year to date. The Group intends to use the authority currently
in place to buy back more shares over the coming months.


The Group expects to announce its preliminary results for the full year to 31
December 2000 on 2 March 2001.


                                   - ends -


Enquiries:-


The Rank Group Plc

     Ian Dyson - Finance Director - Tel: [phone]

     Martin Rowland - Investor Relations - Tel: [phone]


The Maitland Consultancy - Tel: [phone]

     Angus Maitland

Laura Frost