Transfer of Rank Pension Plan

Rank Group PLC
28 February 2008

For Immediate Release                                           28 February 2008



                          The Rank Group Plc ('Rank')



               Transfer of the Rank Pension Plan ('Pension Plan')



The Rank Group Plc ('Rank' or 'the Group') announces that it has entered into a
series of agreements with the Trustee of the Rank Pension Plan and Rothesay Life
(an FSA-regulated insurance company and wholly owned subsidiary of Goldman
Sachs), to transfer the assets and liabilities of the Pension Plan to Rothesay
Life.

The transfer will secure the accrued benefits for the members of the Pension
Plan and will remove the remaining financial risks and liabilities in relation
to the Pension Plan from Rank.  As a result of the transfer, Rank will no longer
be required to make remaining scheduled contributions totalling £30.8m, which
the Group agreed with the Pension Trustee at the time of the sale of Deluxe Film
Services in 2006.

Upon completion of the transfer Rank expects to receive a cash payment of at
least £20m, representing the company's allocation of the expected surplus within
the Pension Plan after an appropriate sharing with the Pension Plan's members
and any anticipated costs, including tax, associated with the transfer.  The
cash payment will be used to reduce Group borrowings.

The transfer is subject to clearance from HM Revenue & Customs regarding the tax
treatment of the transfer.  Rank expects this clearance to be obtained by May
2008 with completion of the transfer expected in June 2008.

Commenting on the transaction, Peter Gill, finance director of Rank said:

'The transfer of all the obligations and financial risk of Rank's defined
benefit pension plan to an insurer is in step with the changes we have made to
reposition the Group in recent years.  With the financial benefits that this
transfer provides, Rank will be better placed to address its near-term
challenges and to grasp its long-term opportunities.  In addition, members of
the pension plan will benefit from the high level of security provided by
Rothesay Life.

This transfer is the result of an extensive review that included consideration
of several options and discussions with a number of interested parties.  We
believe that the chosen option and the transfer announced today represent the
best outcome for all concerned.'

Enquiries

The Rank Group Plc
Dan Waugh, Director of Investor Relations                   Tel: [phone]
Sam Wren, Director of Tax, Treasury & Pensions              Tel: [phone]


Financial Dynamics
Andrew Dowler                                               Tel: [phone]
Marc Cohen




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