AGM Statement

Man Group PLC 10 July 2002 10 July 2002 Man Group plc AGM STATEMENT Harvey McGrath, Chairman of Man Group plc, the financial services group, will make the following comments at today's Annual General Meeting. 'Group funds under management at today's date are estimated to be around $21 billion. This total includes $9 billion for RMF, up from $8.5 billion, and $11.9 billion for the balance of Man Investment Products, up from $10.7 billion at 31 March 2001. The increased level of Group funds under management will continue to underpin a significantly higher run-rate of net management fee income than last year. Demand for our fund products continues to be strong, both from private clients and institutions. The increase in funds under management due to sales in the three months to 30 June was around $1 billion, which includes the latest retail product launches, Man AP Strategic 2 Ltd and OM-IP 220 Limited Series 7, both of which closed in June and raised around US$140 million and US$110 million respectively. Investment performance from AHL has been particularly strong recently with the weighted average of all AHL funds recording net returns of 10.8% for the three months to 30 June. One third of the AHL range of products is now at, or very close to, performance fee highs. Glenwood and most of our other managers remain at, or close to, performance fee highs. The integration of RMF, our recently acquired Swiss based provider of alternative products, has commenced smoothly. Man's brokerage division, Man Financial, also continues to perform well particularly in its core Financial Futures, Energy, Metals and Foreign Exchange activities.' Enquiries: Man Group plc 020 7285 3000 Peter Clarke David Browne Gavin Anderson & Company 020 7554 1400 Howard Lee Lindsey Harrison Notes to Editors The next global launch of a structured product will be Man-IP 220 (Series 4) Ltd, which will be open for investment on the 26 August 2002. Man will release the price of representative AHL funds on a weekly and monthly basis through RNS. It should be noted that the majority of the products that include AHL are priced on a monthly basis and it is this pricing, therefore, that forms the basis of the majority of performance fees. However, the weekly funds give a more up-to-date indication of the progress of AHL. It should also be noted that whilst the funds that will be reported have been chosen to be indicative of the typical AHL fund, the performance of the individual funds do vary. The weekly funds are priced based on the close of business each Monday and the price will be published after close of business London time on Tuesday of each week. The monthly funds are priced at the close of business on the last business day of each month and the price will be released at 7am on the third business day of each month. About Man Group plc Man Group plc is a leading global provider of alternative investment products as well as one of the world's largest futures brokers. The Group employs around 1,800 people in 15 countries, with key centres in London, Switzerland, New York, Chicago, Paris and Singapore. Man Group plc was listed on the London Stock Exchange (EMG.L) in 1994 and is a constituent of the FTSE 100 index. Further information on the Man Group can be found at www.mangroupplc.com. This information is provided by RNS The company news service from the London Stock Exchange

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