Acquisition

Man Group PLC
28 November 2000

                                       
                          Man Group plc ('Man Group')
                                       
               Acquisition of Ord Minnett Strategic Investments

Man Group, a world leader in the fast growing field of alternative investment
products, has agreed to acquire Ord Minnett Strategic Investments Limited
('OMSI') from Chase Manhattan Corporation. The acquisition will be effected as
a joint venture with the existing management of OMSI. OMSI is based in Sydney
and operates as a sponsoring broker of alternative investment funds which it
structures, markets and administers. Net assets being acquired are A$0.2m and
the acquisition is expected to be earnings enhancing before goodwill
amortisation.

Man Group has worked with OMSI for many years, launching a series of
alternative investment vehicles for the important Australasian region. Today,
the majority of OMSI's fund products are managed by Man Group.

John Morrison, the managing director of OMSI, said the sale presented OMSI
with a great opportunity to develop new products and to expand into other
regions within Asia.  He added that clients of OMSI would continue to receive
the same high level of service and attention as they had in the past.

Commenting on the acquisition, Stanley Fink, Chief Executive of Man Group,
said: 'This purchase is a natural development given the close commercial
relationship that already exists between Man Group and both OMSI and Chase.'

                                       
Enquiries

Man Group                                        020 7285 3000
Stanley Fink                                  
Peter Clarke                                  

Gavin Anderson                                   020 7457 2345
Marc Popiolek                                 
Lindsey Harrison