Further re Convertible Bond

Man Group PLC
08 November 2002

Not for distribution in or into the United States, Canada, Japan and Australia

Man Group plc ('Man Group')

8 November 2002


                       Exercise of Over-Allotment Option

Further to the announcement on 7 November 2002 regarding the completion of a
convertible bond issue by Man Group, Man Group is pleased to announce that
Merrill Lynch International has today exercised the over allotment option of
£50,000,000 principal amount of the Bonds.

For further information please contact:

Man Group plc 020 7285 3000

Stanley Fink
Peter Clarke



STABILISATION/FSA

This press release has been issued by Man Group and has been approved for the
purposes of Section 21 of the Financial Services and Markets Act 200 by Merrill
Lynch International.  Merrill Lynch International are acting for Man Group and
on one else in connection with the offer of the Bonds and will not be
responsible to any other person for providing the protections afforded to their
respective clients, or for providing advice in relation to the proposed offer.

This announcement is not an offer of securities for sale into the United States
or elsewhere.  The securities may not be offered or sold in the United States or
to, or for the account or benefit of, U.S. persons (as such terms is defined in
Regulation S under the U.S. Securities Act of 1933 as amended) unless they are
registered or exempt from registration.  There will be no public offer of
securities in the United States.

Not for distribution in or into the United States, Canada, Japan and Australia.



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