Product Launch update

Man Group plc
13 April 2006


13 April 2006

Man Group raises over US$2.3 billion in latest launch

Following the closing of the final phases of the most recent product launch, 
Man Group plc today announces that its most recent product launch has raised 
over US$2.3 billion of client money.

Stanley Fink, Chief Executive of Man Group plc, today said:

'This is by far the largest global private client launch of a hedge fund product
ever done, and the strong demand follows the product's return for investors of
more than 300%* over nearly a decade. It is a significant milestone for Man
Investments and for the hedge fund industry as a whole which we have achieved by
leveraging our global relationships and maximising our resources across the
whole business, exceeding our own best expectations in the process.'

Note: In the pre-close trading statement, released on 31 March 2006, the launch
had been estimated to raise around $2 billion of client money.

Enquiries

Man Group plc              020 7144 1000
Peter Clarke
David Browne

Merlin Financial           020 7653 6620
Paul Downes
Vanessa Maydon
Lachlan Johnston

Notes to Editors

About the Product
The launch was structured as multiple offerings of the Man IP 220 product in a
number of different currencies targeting different regions. The Man IP 220
concept has proved to be one of Man's most successful product structures. Like
its predecessor, the latest launch provides investors with access to two of
Man's most successful investment approaches, the Man-AHL Diversified Programme
and the Man-Glenwood Portfolio. The initial phase of the offerings closed in
early March, raising $0.9 billion, and has started trading. It is therefore
included in the sales and funds under management figures for the year ending
March 2006. The other phases of the offering will not start trading until April
and are therefore not included in the figures for the current year. The final
stage of the offerings closed on 7 April.

*The original Man IP 220 product was launched on 18 December 1996 and matured on
31 December 2005 with a total return over its life of 311.3%, net of fees and
commissions, as per Man database. There is no guarantee of trading performance
and past performance is not necessarily a guide to future results.

About Man Group plc
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 4,000 people in 16 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. Further information on the Man Group can be found at
www.mangroupplc.com.



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