Acquisition Update

Man Group plc
12 December 2003


12 December 2003

Acquisition Update

Man Group plc announces that following the successful integration of the RMF
business acquired in May 2002 into Man Investments, the asset management
division of the Group, Rainer-Marc Frey, who has been significantly involved in
the integration process, will move from an executive role and become a senior
adviser to Man Investments. The change will be fully effective as at 31 March
2004 and the new engagement will run until May 2005.

Chris Chambers, CEO of Man Investments said: 'We were delighted with Rainer-Marc
Frey's close involvement in the integration of the two businesses following the
acquisition. Thanks in large measure to his outstanding commitment to the
success of Man Investments, the critical integration phase was achieved
successfully and ahead of schedule. Moreover, we will continue to benefit from
his experience and support.'

Rainer-Marc Frey said, 'We have quickly reached a natural conclusion to the
period of integration during which we faced the imperative of creating an
expanded platform for the Man Investments business following its acquisition of
RMF. It is enormously satisfying for me personally that we have been able to
meet this challenge successfully, and I wish to record my appreciation of the
way in which all of my colleagues in Man Group have worked tirelessly to secure
the continued success of Man Investments during this exciting period. I look
forward to my ongoing involvement with Man Investments.'

Enquiries

Man Group plc         020 7144 1000
Peter Clarke
David Browne

Merlin Financial      020 7606 1244

Paul Downes           07900 244888 (mobile)
Paul Lockstone        07876 685200 (mobile)
Lachlan Johnston      07989 304356 (mobile)

Notes to Editors

About Man Group plc
Man Group plc is a leading global provider of alternative investment products
and solutions as well as one of the world's largest futures brokers. The Group
employs over 2,500 people in 15 countries, with key centres in London, PfTM?
ffikon (Switzerland), Chicago, New York, Paris, Singapore and Sydney. Man Group
plc is listed on the London Stock Exchange (EMG.L) and is a constituent of the
FTSE 100 index. Further information on the Man Group can be found at
www.mangroupplc.com.




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