Close Period Share Repurchase

Man Group plc
01 October 2004


                                 Man Group plc

                    Close Period Share Repurchase Programme


Man Group plc ('Man Group') announces today that it will commence an
irrevocable, non-discretionary programme to purchase Man Group Ordinary Shares
on its own behalf, for cancellation during its close period which commences on
1st October 2004 and ends on 3rd November 2004.

Any acquisitions will be effected within certain pre-set parameters, and in
accordance with both Man Group's general authority to repurchase shares and
Chapter 15 of the Listing Rules, which required that the maximum price paid be
limited to no more then 105 per cent of the average middle market closing price
of Man Group Ordinary Shares for the five dealing days preceding the date of
purchase.

                                -  ENDS -


For further information please contact:

Peter Clarke
Tel: [phone]


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