Statement re. Press Comment

Man Group PLC
14 October 2002

14 October 2002




                                 Man Group plc


                           Statement re Press Comment

Man Group notes the recent press comment concerning a possible acquisition of
the GNI futures brokerage business from Old Mutual plc. Man Group confirms that
it is in discussions with Old Mutual which may or may not lead to the
acquisition of the GNI business for a cash consideration, depending, inter alia,
on the outcome of ongoing due
diligence.


A further announcement may be made in due course as appropriate.


Enquiries

Man Group plc                                         0207 285 3000

David Browne

Gavin Anderson & Company                              0207 554 1400

Chris Salt





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