Poundland has released an 'ask him ring' to encourage women to propose this leap year.

The £1 'man band' is the budget retailer's first foray into men's engagement rings and follows the success of its 'bling ring' collection for women.

Announcing the release, Poundland cheekily suggested it wanted to encourage women to pop the question on 29 February 'because he might never get around to doing it'.

Poundland has released an 'ask him ring' to encourage women to propose this leap year. The £1 'man band', pictured, is the budget retailer's first foray into men's engagement rings

The ring comes in four styles (pictured) and finger sizes and is presented in a sumptuous navy velvet presentation box - meaning he might not ever notice that's its not designer

The ring comes in four styles and finger sizes and is presented in a sumptuous navy velvet presentation box - meaning he might not ever notice that's its not designer.

However it can also be used as a 'placeholder' ring that can be replaced with a more expensive version once the lucky man says 'yes'.

A photo of the ring divided opinion after it was shared by a British shopper on the Extreme Couponing & Bargains UK Facebook group

The post, which has already racked up an impressive 2,800 comments, has left the internet divided. Some claimed they would never accept such a cheap band, pictured

A photo of the ring divided opinion after it was shared by a British shopper on the Extreme Couponing & Bargains UK Facebook group.

Some users claimed they would never accept such a cheap band, but the majority claim the price shouldn't matter when it comes to true love.

One posted: 'I would be happy with an onion ring for an engagement ring tbf.'

The majority of Facebook users insisted price shouldn't matter when it comes to true love

Another added: 'Rings don’t have to be expensive the ring is the symbol as never ending as one and eternal. I wouldn’t personally want a Poundland ring as "keep" engagement ring but ok as something until can pick out something more her or his taste.'

A third wrote: 'Rings don’t have to be expensive at all.. I paid £15 for both mine and my husbands rings.

'Best thing is they won’t ever rust or go a funny colour turn our fingers green etc etc as they are stainless steel. We wouldn’t change them for the world!'

A number of Facebook users argued that it's the thought - not the price - that counts

The rings have been released ahead of 29 February, which is traditionally a day when women propose to their boyfriends.

It comes after Poundland unveiled its 'Bling Ring' range - a number of engagement rings perfect for popping the question.

The rings come in a range of sizes, styles and colours and can either be bought as a 'keep' ring or as a placeholder for a more expensive replacement.