Trading Update

Man Group PLC
4 April 2001


                                       
                                 MAN GROUP plc
                                       
                                       
                     RESULTS TO EXCEED MARKET EXPECTATIONS


Man  Group plc, the specialist fund manager and international futures  broker,
today  announces that following recent strong performance by many of its  fund
products,  performance fees earned for the year ended 31 March  2001  will  be
substantially ahead of market expectations.  Notably, in March  of  this  year
the  Group's largest manager AHL generated returns to investors of 10% in  the
month,  which was the sixth consecutive month of positive performance.  Almost
all  the  Group's funds are currently at incentive fee highs and  Group  funds
under  management as at 31 March 2001, were estimated to be in excess of  $6.5
billion  (£4.5 billion).  Management fees and Brokerage income  for  the  year
ended 31 March 2001 are both in line with management's expectations.

Stanley Fink, CEO of Man Group, commented:

'Today's announcement highlights the ability of Man's products to perform in a
variety  of  market  conditions. The Group has a  wide  range  of  alternative
investment  products,  many  of  which  have  been  able  to  deliver   strong
outperformance in volatile markets. The funds have particularly benefited from
the  major trends in currencies as well as the strength of bonds and  weakness
of equity markets generally'.

Man  Group  will be announcing its Preliminary Results for the year  ended  31
March 2001 on 31 May 2001.

Enquiries

Stanley Fink             - Man Group plc                   Tel:  [phone]
John McIvor              - Credit Suisse First Boston      Tel:  [phone]
Lindsey Harrison
Victoria Jackson         - Gavin Anderson                  Tel:  [phone]