Rank Group PLC
14 July 2006


    The Rank Group agrees sale & leaseback and transfer of surplus leasehold
                                   properties


The Rank Group Plc ('Rank') has agreed a net £172m transaction with Earth
Estates Limited and Solarus Estates Limited ('Earth-Solarus') for the sale and
leaseback of 43 of Rank's UK properties and the transfer of liabilities relating
to a further 44 surplus leasehold properties.

The agreement includes the £211m sale and leaseback of a portfolio of 40 Mecca
bingo clubs and four Grosvenor casinos (one property comprises both a casino and
a bingo club). Rank will lease back the properties over 15 years at an initial
rate of £11.2m per annum. This represents an initial yield of 5.3% on the
freehold portfolio. The book value of the properties was £137m.

In addition, Rank will transfer to Earth-Solarus liabilities relating to 44
surplus leasehold properties. The leasehold liability transfer price is £39m.

There will be a pre-tax net book gain on the transaction of approximately £53m.
It is not anticipated that the transaction will attract any capital gains tax.

The proceeds of the transaction will be used to pay down debt.

Both Earth Estates Limited and Solarus Estates Limited are joint venture
companies between William Pears and the Khalastchi family.


                                     -ends-


Enquiries:


The Rank Group Plc                                 Tel: 020 7535 8031
Dan Waugh, Director of Investor Relations


Maitland                                           Tel: 020 7379 5151
Suzanne Bartch





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