RANK GROUP PLC

Capital/Financing Update • Jul 7, 2021

National Storage Mechanism | Additional information

RNS Number : 3755E

Rank Group PLC

07 July 2021

7 July 2021

The Rank Group Plc

LEI: 213800TXKD6XZWOFTE12

Business Update

The Rank Group Plc (LSE: RNK) ('Rank' or 'the Group') provides an update on its banking facilities

Rank is pleased to announce that it has signed a new two year £25m Revolving Credit Facility ('RCF') agreement with Lloyds Bank plc.  The facility provides the Group with additional liquidity and the opportunity, when we are confident that the Group is delivering sustainable positive cashflows, to accelerate investment in the Group's transformation plan.

The new facility is subject to the same financial covenant waiver and associated conditions, including a quarterly minimum £50m cash and available facilities test, that are in place across the Group's other bank facility agreements.

This new facility is in addition to the Group's existing £55m RCF and the remaining £108.4m term loan.

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Contacts:
Rank
Sarah Powell - investor relations	Tel: +44 1628 504 303
Media Enquiries:
FTI Consulting LLP (PR adviser to Rank)
Edward Bridges	Tel: +44 20 3727 1067
Alex Beagley	Tel: +44 20 3727 1045

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