Return of Cash

Man Group plc
26 November 2007


         MAN GROUP PLC RETURN OF CASH - DECLARATION OF SINGLE DIVIDEND

Return of Cash Update

Man Group plc (the 'Company') is pleased to provide an update in respect of the
Return of Cash to Shareholders.

Single Dividend

Earlier today, the Directors of the Company declared a dividend of US$1.40 on
each C Share issued to Shareholders under the Return of Cash who elected, or
were deemed to have elected, for the Single Dividend. The Single Dividend will
become payable on each such C Share on the First Effective Date. Shareholders
entitled to receive the Single Dividend will be sent cheques in respect of the
Sterling Equivalent of the Single Dividend by 13 December 2007 unless mandate
instructions are held, in which case payments will be made by BACS to mandated
accounts by that date.

The C Shares issued under the Dividend Alternative will be automatically
reclassified as Deferred Shares of negligible value on the First Effective Date,
being the date on which the Single Dividend becomes payable.

An expected timetable of key outstanding events in relation to the Return of
Cash is set out as the Appendix to this announcement.

Defined terms in this announcement bear the meanings as set out in the circular
to Shareholders dated 22 October 2007 unless stated otherwise.

Merrill Lynch International, which is authorised and regulated by the Financial
Services Authority, is acting exclusively for Man Group plc and no one else in
connection with the proposed Return of Cash and will not be responsible to
anyone other than Man Group plc for providing the protections afforded to
clients of Merrill Lynch International or for providing advice in relation to
the Return of Cash.

Enquiries
Man Group plc 020 7144 1000
Peter Clarke
David Browne

Merlin 020 7653 6620
Paul Downes 07900 244888
Lachlan Johnston 07989 304356

About Man Group plc

Man Group plc is a leading global provider of alternative investment products
and solutions. The Group employs 1,600 people in 13 countries, with key centres
in London and Pfaffikon (Switzerland), and offices in Chicago, Dubai, Hong Kong,
Montevideo, Nassau, New York, Singapore, Sydney, Tokyo and Toronto. Man Group
plc is listed on the London Stock Exchange (EMG) and is a constituent of the
FTSE 100 Index. Further information on the Man Group can be found at
www.mangroupplc.com.


                                    APPENDIX
                  EXPECTED TIMETABLE OF KEY OUTSTANDING EVENTS

Single Dividend becomes payable and C Shares in respect of which  By 6 December
the Single Dividend is payable automatically reclassify as        2007
Deferred Shares

Redemption of B Shares under the Immediate Capital Alternative    By 6 December
                                                                  2007

Announcement on a Regulatory Information Service of the Sterling  By 6 December
Equivalent of US$1.40 payable in respect of the Single Dividend   2007
under the Dividend Alternative and the redemption of the B Shares
under the Immediate Capital Alternative

Despatch of share certificates in respect of New Ordinary Shares  By 6 December
and B Shares issued under the Deferred Capital Alternative and    2007
despatch of cheques and CREST accounts credited in respect of
fractional entitlements

Despatch of cheques or payment by BACS to mandated accounts in    By 13 December
respect of the Dividend Alternative                               2007

Despatch of cheques and CREST accounts credited in respect of the By 13 December
Immediate Capital Alternative                                     2007

Redemption of B Shares under the Deferred Capital Alternative     Between 1 July
expected to take place                                            2008 and 7
                                                                  July 2008

Note: References to times in this announcement are to London times. If any of
the above times or dates should change, the revised times and/or dates will be
notified to Shareholders by an announcement on a Regulatory Information Service.




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