Disposal

Man Group plc
05 August 2004



5 August 2004

                 COMPLETION OF SALE OF MAN GROUP'S STAKE IN SUGAR 
                     AUSTRALIA AND NEW ZEALAND SUGAR COMPANY

Further to the announcement of 2 April, 2004, Man Group plc today announces the
successful completion of the sale of its share of the Australian and New Zealand
sugar refining joint ventures to CSR Ltd. This sale of these last remaining
agricultural businesses completes Man Group's strategy of exiting all its
non-core businesses.

Sale proceeds were the equivalent of £25.2 million of which £16.5 million was
paid in cash and £8.7 million by way of assumption of debt.

Enquiries
Man Group plc                      020 7144 1000
David Browne

Merlin                             020 7653 6620
Paul Lockstone
Lachlan Johnston

Notes to Editors

About Man Group plc
Man Group 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 2,800 people in 15 countries, with key centres in London, Pfaffikon
(Switzerland), Chicago, New York, Paris, Singapore and Sydney. Man Group 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




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