Trading Statement

Man Group plc
25 September 2007


25 September 2007

Pre-Close Trading Update and Funds Under Management Statement

Man Group plc announces the following Trading Update and Funds Under Management
Statement ahead of its close period for the six months ending 30 September 2007.

Net management fee income will be up by over 15% on the first six months to 30
September 2006, driven by the growth in funds under management. Net performance
fee income will be ahead of the level achieved in the comparable period last
year. Diluted earnings per share on continuing operations are expected to be up
by over 10%*.

Sales for the first half year are estimated to be $7.8 billion, of which
guaranteed products accounted for $3.2 billion; open-ended private investor
sales for $1.0 billion; and institutional sales for $3.6 billion. Private
investor redemptions were $2.1 billion and institutional redemptions were $2.2
billion.

Reflecting the level of sales, funds under management have risen and are
currently $68 billion, up from $61.7 billion at 31 March 2007. The split of
funds under management is private investor $41 billion (31 March 2007: $36.6
billion) and institutional $27 billion (31 March 2007: $25.1 billion).

Peter Clarke, Group Chief Executive of Man Group, commented:

'These results demonstrate the resilience of Man's business. Strong demand for
our product offerings generated sales in the period of $7.8 billion. The
diversification of our investment styles, despite recent turbulence in financial
markets, has generated $2.4 billion of positive performance for our investors in
the first half. Today the majority of our assets are within 5% of performance
fee high water marks. Redemption rates are virtually unchanged on the prior
year. Accordingly, assets under management have advanced to $68 billion. First
half net management fee income will be up by over 15% and net performance fee
income will be ahead of the level achieved in the comparable period last year.

Our conservative approach both to portfolio construction and product leverage
meant that none of our structured products has had to degear in the period. We
believe that the Group's capital strength will remain a key competitive
advantage through the coming period. Furthermore, the current market environment
creates opportunities for investment. Accordingly, Man remains very well placed
for further growth.

Since the financial year end, we have returned $770 million to our shareholders
through a combination of the final dividend ($250 million) and share repurchases
($520 million).

Additionally, the Group remains committed to return to our shareholders the net
proceeds of the successful IPO of MF Global of approximately US$2.8 billion,
which implies a distribution of approximately 140 cents per share, in cash. This
is intended to be through a B and C share arrangement, which allows shareholders
to elect for either a capital or income receipt, or a combination of both.  The
arrangement is subject to shareholder approval at an EGM, concurrent with a
share consolidation reflecting the return of value. The distribution is expected
to take place before the end of the calendar year.'

Man Group will announce its interim results on 8 November 2007.

* Earnings per share on continuing operations for the six months to 30 September
2006 is 29 cents per share, restated for the separation of MF Global.

Video Interview
A video interview with Peter Clarke, Group Chief Executive is available on
www.mangroupplc.com and www.cantos.com.

Enquiries
Man Group plc           020 7144 1000
Peter Clarke
David Browne

Merlin                  020 7653 6620
Paul Downes             07900 244888
Lachlan Johnston        07989 304356

About Man Group plc
Man Group plc is a leading global provider of alternative investment products
and solutions. The Group employs 1,600 people in 13 countries, with key centres
in London and Pfaeffikon (Switzerland), and offices in Chicago, Dubai, Hong
Kong, Montevideo, Nassau, New York, Singapore, Sydney, Tokyo and Toronto. Man
Group plc is listed on the London Stock Exchange (EMG) 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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