Acquisition

Man Group plc
28 November 2005

28 November 2005

Man Group completes asset acquisition of Refco's US operations

Man Group plc announces that the acquisition of customer accounts, balances and
certain other assets of Refco's US operations was completed after close of
business on Friday 25th November. This comprises primarily all of the business
and employees of Refco's US regulated futures and securities businesses as well
as elements of their Foreign Exchange businesses.

Enquiries

Man Group plc                 020 7144 1000
Peter Clarke
David Browne

Merlin Financial              020 7653 6620
Paul Downes
Lachlan Johnston


ABOUT MAN

Man Group plc 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 3,000 people in 15 countries, with key centres in London,
Pfaeffikon (Switzerland), Chicago, New York, Paris, Singapore and Sydney.  Man
Group plc is listed on the London Stock Exchange (EMG.L) and is a constituent of
the FTSE 100 index.

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            The company news service from the London Stock Exchange