Past exam of the mathematics course of the University of Cambridge / 2019 / iii / Paper 143 / 1 / b / Solution

Take the free abelian group $G={\mathbb{Z}}^2$, whose rank of a group is two, and its finite-index subgroup $H=2\mathbb{Z}\times \mathbb{Z}$. The subgroup has index two and is again isomorphic to ${\mathbb{Z}}^2$, so its rank is two. The Nielsen–Schreier formula would instead give $1+2(2-1)=3$. Henceis a counterexample.