Disposal

Rank Group PLC 4 September 2000 THE RANK GROUP PLC ANNOUNCES THE DISPOSAL OF TOM COBLEIGH The Rank Group Plc announces the sale of Tom Cobleigh to Electra Partners Europe for a cash consideration of £90 million. In addition, Electra Partners Europe will assume working capital liabilities of approximately £5 million. Tom Cobleigh currently operates 87 managed pubs and 23 tenancies within the UK. For the year ended 31 December 1999, Tom Cobleigh's turnover was £59 million and its operating profit before exceptional items was £8 million. Net assets as at 31 December 1999 were £135 million. The proceeds will be used to reduce group indebtedness. Enquiries: The Rank Group Kate Ellis-Jones, Investor Relations - 020 7535 8031 The Maitland Consultancy - 020 7379 5151 Laura Frost

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Rank Group (RNK)
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