AGM Statement

Man Group PLC
11 July 2001


                                AGM STATEMENT


Harvey McGrath, Chairman of Man Group plc, the financial services group, will
make the following comments on trading at today's Annual General Meeting:



'Demand for our fund products is currently extremely strong, both from private
clients and institutions. Our latest retail product launch, Man IP 220 Plus
(Series 3) which closed in June raised a record amount of over $430m.  We have
also seen strong institutional demand, with Glenwood, our fund of funds
manager, being allocated over $200m in the past month from two US based
pension funds including General Motors Investment Management Company, the
largest private pension fund in the US, which has appointed Glenwood as its
strategic consultant for hedge fund investments.



Taking into account redemptions and some negative investment performance from
AHL since the beginning of the financial year, Group funds under management at
today's date are estimated at $7.9bn, up from $6.7bn at 31 March 2001.  The
bulk of the AHL range of funds are currently around 9% below performance fee
highs and accordingly Group performance related income to date is modest,
principally arising from Glenwood and the new product launches.



Our Brokerage business continues to benefit from strong levels of activity on
world financial markets and good contributions from all our major product
lines.



In summary, the Board is pleased with progress in underlying earnings in the
first three months of the financial year and optimistic about the outlook for
fund product sales, particularly against a backdrop of uncertainty in
traditional asset classes.'



Enquiries:

Peter Clarke, Finance Director                    020 7285 3000

Lindsey Harrison, Gavin Anderson & Company        020 7496 1488