AGM Statement

Man Group PLC
10 July 2002

                                                                    10 July 2002

                                 Man Group plc

                                 AGM STATEMENT

Harvey McGrath, Chairman of Man Group plc, the financial services group, will
make the following comments at today's Annual General Meeting.

'Group funds under management at today's date are estimated to be around $21
billion. This total includes $9 billion for RMF, up from $8.5 billion, and $11.9
billion for the balance of Man Investment Products, up from $10.7 billion at 31
March 2001. The increased level of Group funds under management will continue to
underpin a significantly higher run-rate of net management fee income than last
year.

Demand for our fund products continues to be strong, both from private clients
and institutions. The increase in funds under management due to sales in the
three months to 30 June was around $1 billion, which includes the latest retail
product launches, Man AP Strategic 2 Ltd and OM-IP 220 Limited Series 7, both of
which closed in June and raised around US$140 million and US$110 million
respectively.

Investment performance from AHL has been particularly strong recently with the
weighted average of all AHL funds recording net returns of 10.8% for the three
months to 30 June. One third of the AHL range of products is now at, or very
close to, performance fee highs. Glenwood and most of our other managers remain
at, or close to, performance fee highs.

The integration of RMF, our recently acquired Swiss based provider of
alternative products, has commenced smoothly.

Man's brokerage division, Man Financial, also continues to perform well
particularly in its core Financial Futures, Energy, Metals and Foreign Exchange
activities.'


Enquiries:

Man Group plc                                               020 7285 3000
Peter Clarke
David Browne

Gavin Anderson & Company                                    020 7554 1400
Howard Lee
Lindsey Harrison


Notes to Editors

The next global launch of a structured product will be Man-IP 220 (Series 4)
Ltd, which will be open for investment on the 26 August 2002.

Man will release the price of representative AHL funds on a weekly and monthly
basis through RNS. It should be noted that the majority of the products that
include AHL are priced on a monthly basis and it is this pricing, therefore,
that forms the basis of the majority of performance fees. However, the weekly
funds give a more up-to-date indication of the progress of AHL. It should also
be noted that whilst the funds that will be reported have been chosen to be
indicative of the typical AHL fund, the performance of the individual funds do
vary. The weekly funds are priced based on the close of business each Monday and
the price will be published after close of business London time on Tuesday of
each week. The monthly funds are priced at the close of business on the last
business day of each month and the price will be released at 7am on the third
business day of each month.


About Man Group plc

Man Group plc is a leading global provider of alternative investment products as
well as one of the world's largest futures brokers. The Group employs around
1,800 people in 15 countries, with key centres in London, Switzerland, New York,
Chicago, Paris and Singapore. Man Group plc was listed on the London Stock
Exchange (EMG.L) in 1994 and is a constituent of the FTSE 100 index. Further
information on the Man Group can be found at www.mangroupplc.com.



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