Director Shareholding

Man Group PLC
03 January 2003

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1. Name of company

Man Group plc

2. Name of director

Alison Jane Carnwath

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest

In respect of the director named above.

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)

Alison Jane Carnwath                                 64,762 shares
                                                     -------------
Total Shareholding:                                  64,762 shares

5. Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s)
In relation to the director named above.

6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary

Purchase of shares under the Man Group plc Dividend Reinvestment Plan (DRIP)

7. Number of shares / amount of stock acquired

660

8. Percentage of issued class

Insignificant

9. Number of shares/amount of stock disposed

N/a

10. Percentage of issued class

N/a

11. Class of security

Ordinary shares of 10p each

12. Price per share

883.38p

13. Date of transaction

2 January 2003

14. Date company informed

2 January 2003

15. Total holding following this notification

65,422 shares

16. Total percentage holding of issued class following this notification

0.02%

If a director has been granted options by the company please complete the
following boxes.

17. Date of grant

N/a

18. Period during which or date on which exercisable

N/a

19. Total amount paid (if any) for grant of the option

N/a

20. Description of shares or debentures involved: class, number

N/a

21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise

N/a

22. Total number of shares or debentures over which options held following this
notification

N/a

23. Any additional information

N/a

24. Name of contact and telephone number for queries

Mr Barry Wakefield 020 7285 3254

25. Name and signature of authorised company official responsible for making
this notification

Mr Barry Wakefield

Date of Notification

3 January 2003

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