Holding in Company

Rank Group PLC
17 April 2001


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     THE RANK GROUP PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     CGNU PLC 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 COMPANY IN (2) ABOVE AND ITS SUBSIDIARY

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)   ( - %) of issued Class

7)   Number of shares/amount of stock disposed



8)   ( - %) of issued Class

9)   Class of security

     ORDINARY SHARES

10)  Date of transaction

     12 APR 2001

11)  Date company informed

     17 APR 2001

12)  Total holding following this notification

     17,790,971 SHARES OF 10P EACH
               
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              0171 535 8012

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

     Date of Notification .....17 APR 2001...................



Letter to:  The Rank Group Plc
Dated:      12 April 2001

THE RANK GROUP PLC (THE 'COMPANY') - SEDOL 0724076

This notification relates to issued ordinary shares of GBP0.10 each in the
capital of the Company (the 'shares') and is given in fulfilment of the
obligations imposed by sections 198 to 202 of the Companies Act 1985 (the
'Act').


1.   Notification on behalf of Morley Fund Management Limited (a subsidiary of  
     CGNU plc).

1.1. We hereby notify you on behalf of Morley Fund Management Limited that
     immediately after the time when the obligation to make this notification   
     arose Morley Fund Management Limited were interested in 17,790,971 shares.

1.2. The identity of the registered holders of the shares to which this         
     notification relates and the number of shares held by each of them are set 
     out in the attached Appendix: Morley Fund Management Limited.


2.   Notification on behalf of CGNU plc.

2.1  We hereby notify you on behalf of CGNU plc that immediately after the time 
     when the obligation to make this notification arose CGNU plc were          
     interested in 17,790,971 shares giving the CGNU group a total percentage   
     interest in the shares of 3.01%.

2.2  The identity of the registered holders of the shares to which this         
     notification relates and the number of shares held by each of them are set 
     out in the Appendix below: CGNU plc.

We are only required to notify interests which are defined as material interests
when the holding is equal to 3% or more of the Company's relevant share capital.
The term material interests exclude certain categories where we do not hold a
beneficial interest, for example where the shares are held in an Authorised Unit
Trust Scheme or Open Ended Investment Company. Holdings in those categories are
therefore not included in the holding notified under this letter. 

Letter from: CGNU plc



APPENDIX: MORLEY FUND MANAGEMENT LIMITED

REGISTERED HOLDERS                            NUMBER OF SHARES HELD

BNY (Nominees) Ltd                                    40,710   (Material)

BNY Norwich Union Nominees Ltd                    12,092,078   (Material)

Chase GA Group Nominees Ltd                        1,867,045   (Material)

Chase Nominees Ltd                                    17,675   (Material)

CUIM Nominee Ltd                                   3,754,713   (Material)

State Street Bank Nominees Ltd                        18,750   (Material)


TOTAL PERCENTAGE INTEREST OF MORLEY FUND MANAGEMENT LIMITED: 3.01%

ISSUED SHARE CAPITAL ON WHICH THIS NOTIFICATION IS BASED: 591,832,652



APPENDIX: CGNU PLC

REGISTERED HOLDERS                            NUMBER OF SHARES HELD

BNY (Nominees) Ltd                                    40,710       (Material)

BNY Norwich Union Nominees Ltd                    12,092,078       (Material)

Chase GA Group Nominees Ltd                        1,867,045       (Material)

Chase Nominees Ltd                                    17,675       (Material)

CUIM Nominee Ltd                                   3,754,713       (Material)

State Street Bank Nominees Ltd                        18,750       (Material)


TOTAL PERCENTAGE INTEREST OF CGNU PLC: 3.01%

ISSUED SHARE CAPITAL ON WHICH THIS NOTIFICATION IS BASED: 591,832,652