Settlement of Dispute

Rank Group PLC
14 September 2004


                             Settlement of Dispute

Since 1993, The Rank Group Plc ('Rank') and its predecessor, The Rank
Organisation Plc, has been involved in a dispute with Serena Holdings Limited
('Serena') in relation to a contract it inherited when it acquired Mecca Leisure
Group plc ('Mecca') in 1991. The contract related to the acquisition of minority
interests in various businesses, principally Hard Rock, acquired by Mecca
following its acquisition of Pleasurama plc in 1988. The dispute centred on the
purchase price of the acquisition and, in particular, the parties' contentions
in relation to the accounts and profits of the relevant businesses, based upon
which an additional purchase consideration might be payable. The dispute was
referred to an expert for determination in 1995.

The expert has now issued his determination which requires Rank to pay Serena
£18,819,000 in full and final settlement of the dispute. The award by the expert
comprises £10,163,000, representing amounts determined by the expert to be owing
to Serena, and £8,656,000, representing interest thereon, as provided for in the
original agreement between the contracting parties.

This matter will be accounted for by way of an adjustment to the purchase price
of the earlier acquisition, and accordingly there is no impact on Rank's profit
and loss account.

Enquiries:
The Rank Group Plc                                     020 7535 8000
Charles Cormick, Company Secretary
Peter Reynolds, Director of Investor Relations

Press enquiries:
The Maitland Consultancy                               020 7379 5151
Suzanne Bartch


                      This information is provided by RNS
            The company news service from the London Stock Exchange
 END
MSCVZLBFZKBBBBK