Acquisition

Man Group plc
27 July 2006


   Man Group plc and Eurex Join Forces to Develop Unique U.S. Futures Market

     Partnership Will Create Innovative Products for New Customer Segments

                   Further Partners Anticipated in Exchange


Chicago, July 27, 2006 - Man Group plc, the global provider of alternative
investment products and one of the world's largest futures brokers, and Eurex,
the world's largest derivatives exchange, today announced that they have entered
into agreements that will further develop U.S. Futures Exchange LLC (USFE -
formerly known as Eurex US). USFE will expand the derivatives market by serving
as a product incubator and innovator to create new listed products.

Under the terms of the transaction, Man Group will purchase 70 percent of
Eurex's shares in USFE for a purchase price of $23.2 million in cash and in
addition make a capital injection of $35 million into USFE. Deutsche Borse
Systems, the developer and operator of the Eurex platform and network, will
continue to operate the trading platform and corresponding communications
network for USFE.

USFE will offer new products targeted at buy-side customers such as hedge funds
and retail investors, sectors in which Man Group has significant expertise and
market exposure. The goal is to expand the volume in listed derivatives by
broadening the range of exchange traded products to new and existing user
groups, rather than competing with established futures exchanges.

Man Group plans to reduce its stake in USFE over time to below 50 percent by
inviting other trading institutions, including hedge funds and financial
services firms, to join the partnership with an equity position. Eurex will
retain a stake of approximately 30 percent in USFE.

Kevin Davis, Chairman and CEO of Man Financial, the brokerage division of Man
Group plc (of which he is also a director), will serve as Chairman of the USFE.
Satish Nandapurkar will be CEO of USFE. He will also be a member of the
exchange's Board of Directors, which will be comprised of representatives of Man
Group plc and Eurex, as well as a significant number of independent directors.

'This partnership is an exciting opportunity for the futures industry and the
customers we serve,' said Davis. 'On the basis of a robust and highly scalable
global platform, together with additional partners, we will pioneer the creation
of innovative products. Man's long experience serving its global customer base,
combined with Eurex's renowned expertise in operating an electronic trading
platform, will create a distinct regulated exchange that will give the market
place additional trading opportunities.' Davis added that Man Financial is
rapidly adding new customers around the world and he sees significant demand for
additional futures products.

Andreas Preuss, CEO of Eurex, said, 'With this new relationship, Eurex adds a
new dimension to its well established core product range. Together with our
partner, we will reach out to new target groups with innovative products. USFE
will offer products that have not previously been available in an exchange
environment.'

Prior to the closing, USFE will transfer its interest in the antitrust
litigation commenced in October 2003 against the Chicago Board of Trade and the
Chicago Mercantile Exchange to its current owners.

Man Group was advised by Lazard New York on this transaction.


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 4,000 people in 16 countries, with key centres in London,
Pfaeffikon (Switzerland), Chicago and New York. Man Group plc is listed on the
London Stock Exchange (EMG.L) and is a constituent of the FTSE 100 index.
Further information on Man Group can be found at www.mangroupplc.com

About Man Financial
Man Financial, the brokerage division of Man Group plc, is one of the world's
leading providers of brokerage services. It acts as a broker of futures, options
and other equity derivatives for both institutional and private clients and as
an intermediary in the world's metals, energy and foreign exchange markets with
offices in key financial centres. Man has consistently achieved a leading
position on the world's futures and options exchanges, with particular strengths
in interest rate products, metals and the energy markets.

About Eurex AG
Eurex, jointly owned and operated by Deutsche Borse AG and SWX Swiss Exchange,
is the world's largest derivatives exchange. Eurex offers a broad range of
international benchmark products and operates the most liquid fixed income
derivatives markets in the world. With market participants connected from
locations all over the world, trading volume at Eurex exceeded 1.25 billion
contracts in 2005. In addition to operating a fully electronic trading platform,
Eurex provides an automated and integrated joint clearing house, Eurex Clearing.


Media Contacts:

Man Group plc                                 Eurex AG
David Browne        [phone]          Candice Adam [phone]

Edelman for Man Financial

Richard Myers        [phone]
Patricia Sturms      [phone]
Paul Lockstone       [phone]




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