Acquisition

Man Group PLC
4 October 2000


                          Man Group plc ('Man Group')
                                       
                   Acquisition of Futures & Options Business

Man Group, the international Financial Services group, has agreed to acquire
the client brokerage accounts and certain other assets of First American
Discount Corporation ('FADC').  FADC operates as a private client futures and
options brokerage business based in Chicago.

The consideration comprises the book value of the assets being acquired plus a
capped earn-out over five years. Completion is expected to take place by the
end of October.

Man's brokerage business, Man International, is amongst the world's leading
providers of brokerage services in futures and options for both institutional
and private clients, offering advice, execution and clearing services. Man
International is also an intermediary in the world's metals, foreign exchange
and equities markets.

Commenting on the acquisition, Stanley Fink, Chief Executive of Man Group,
said:

'This acquisition continues Man International's strategy of extending its
private client portfolio in the US and brings a sales organisation focused on
higher margin, full service business. The integration of FADC's activities
into Man Group's existing business should realise economies of scale and is
expected to be earnings enhancing in the current year.'

Enquiries:

Man Group
Peter Clarke                                      020 7285 3000

Gavin Anderson                                    020 7457 2345
Marc Popiolek
Lindsey Harrison