Directors' Dealings

Man(ED & F) Group PLC
17 November 1999

Notification is given pursuant to Chapter 16.13 of the Listing Rules, that on
16th November 1999, the interests of the E D & F Man Group 1990 Employee Trust
('the Employee Trust') registered in the name of E D & F Man Employee
Investments (Jersey) Ltd a/c 13071 A/B in the share capital of the company
have been reduced by 800,051 shares to 3,559,338 ordinary shares as a result
of the transfer for no consideration of 800,051 shares to beneficiaries of the
Loyalty Share Scheme established by the Employee Trust for the benefit of full
time employees of the company (or any subsidiary).

Executive Directors of the company are deemed to be interested in the
3,559,338 shares held by the Employee Trust and the 4,181,814 shares over
which the Employee Trust holds a security interest.