AGM Statement

Man Group plc
07 July 2004


7 July 2004

AGM STATEMENT

Harvey McGrath, Chairman of Man Group plc, the global provider of alternative
investment products and agency brokerage, will make the following comments at
today's Annual General Meeting.

'The Board remains very confident of the prospects for the Group. Demand for our
fund products has been very strong, both from private clients and institutions.
Client money raised in the period since year-end was around $6.0 billion. Man's
two global launches, Man RMF Multi-Style and Man Global Strategies Diversified
Series 2, accounted for $1.4 billion, with joint venture sales contributing $0.5
billion and other private investor sales $0.6 billion. Institutional sales,
almost entirely at RMF, raised $3.5 billion.

Group funds under management at today's date are estimated to be around $39.5
billion, up from $38.5 billion at the end of March, and after taking into
account the maturity of a major legacy account at RMF. The maturity of this low
margin product has allowed RMF to recycle and reprice high quality underlying
capacity, so that RMF expects a material increase in its net profits (see Note
below). Redemptions, at $0.6 billion, were at the low end of annualised long
term experience.

Man's brokerage division, Man Financial, has performed well, with ongoing growth
in revenues from its traditional futures franchises, further successful
recruitment of producer teams and the continued development of its matched
principal businesses.'

Note:
RMF had a series of agreements with a major institution that matured at the end
of June. The total funds under management through these agreements was around
$3.1 billion. Of this, $0.6 billion is to be rolled into a new product for the
institution and another $1.8 billion has been re-packaged and sold to other
institutions - these amounts have been included in the figures shown above.

Enquiries:

Man Group plc        020 7144 1000
David Browne

Merlin Financial     020 7653 6620
Paul Lockstone       07876 685200
Lachlan Johnston     07989 304356
Vanessa Maydon       07802 961902

Notes to Editors
The next global launch will be Man RMF Multi-Style Series 2 Ltd, which will be
open for investment on 23 August 2004. This product will target medium-term
annualised growth of around 13-15% for an annualised volatility of around 7-9%
for both USD and EUR class bonds.

About Man Group plc
Man Group plc is a leading global provider of alternative investment products
and solutions as well as one of the world's largest futures brokers. The Group
employs over 2,800 people in 15 countries, with key centres in London, Pfaffikon
(Switzerland), Chicago, New York, Paris, Singapore and Sydney. Man Group plc is
listed on the London Stock Exchange (EMG.L) 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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