Pre-Close Trading Update

Man Group plc
27 March 2008




27 March 2008

Pre-Close Trading Update and Funds Under Management Statement

Man Group plc announces the following Trading Update and Funds Under Management
Statement ahead of its close period for the year ending 31 March 2008.

It is anticipated that Group profit before tax* for the year ending 31 March
2008 will be ahead of consensus market expectations as net performance fee
income will be up strongly over last year and above expectations, reflecting
good performance across a range of our products in the year, and from AHL in
particular. Net management fee income will be up by over 15% on the prior year,
driven by the growth in funds under management.  Diluted earnings per share* are
expected to be up by over 50%.

Sales for the year are estimated to be $15.8 billion, split 49% private investor
product and 51% institutional product. Redemptions for the year were $10.6
billion, of which private investor were $5.1 billion. Funds under management
have risen and are currently estimated to be around $75 billion up from $61.7
billion at 31 March 2007 ($71.7 billion at 31 December 2007). The split of funds
under management is private investor $43.6 billion (31 March 2007: $36.6
billion) and institutional $31.4 billion (31 March 2007: $25.1 billion).

Sales for the three months to 31 March 2008 are estimated to be $3.5 billion, of
which guaranteed products accounted for $0.9 billion; open-ended private
investor sales for $1.0 billion; and institutional sales for $1.6 billion.
Redemptions for the three months to 31 March 2008 were $2.6 billion, of which
private investor were $1.2 billion. In the three months to 31 March 2008,
performance is estimated to have added $0.8 billion and currency translation
impacts and other adjustments a further $0.6 billion.

Our most recent fund launch in the Far East, which closed in March, raised $1
billion and has been included in FUM of $75 billion for the year to 31 March
2008. This launch starts trading 1 April and therefore is not included in the
above sales figures.

The Group continues to be in a very strong capital position and will have
significant net cash at 31 March 2008.

Man Group will announce its preliminary results for the financial year on 29 May
2008.

Peter Clarke, CEO of Man Group, today said:

'This is a very strong set of results, achieved through a period of significant
market turmoil. Funds under management have risen to around $75 billion. Strong
sales momentum has been maintained with sales of $15.8 billion in the year,
reflecting the attraction of our diversified product range, established track
record, and the broad geography of our investors. Good performance has added
$5.3 billion to investor assets during a period when global markets were
exceptionally volatile. Redemption rates have fallen back towards recent low
levels in the final quarter.

Pre tax profits have risen substantially for the year, and will be ahead of
current market expectations. In addition, our shareholders have seen substantial
cash returns during the year, both from our enhanced distribution policy and the
December 2007 capital return. Our balance sheet remains very strong and we have
significant cash reserves.

Our financial strength, strategic focus and strong performance mean that Man is
extremely well placed to see continued strong growth.'

Note: The consensus market expectations of Group profit before tax* referred to
earlier in this announcement are based on forecasts provided to Man Group by
thirteen UK equity analysts since the Group's interim results in November 2007.
The consensus, calculated as the average, is $1,824 million.

* From continuing operations

Enquiries

Man Group plc            020 7144 1000
Peter Clarke
Kevin Hayes
David Browne

Merlin                   020 7653 6620
Paul Downes              07900 244888
Lachlan Johnston         07989 304356

About Man Group plc

Man Group plc is a leading global provider of alternative investment products
and solutions for private and institutional investors worldwide, designed to
deliver absolute returns with a low correlation to equity and bond market
benchmarks. Man has a 20-year track record in this field supported by strong
product development and structuring skills, and an extensive investor service
and global distribution network.

The Group employs 1,600 people in 13 countries, with key centres in London and
Pfaeffikon, and offices in Chicago, Dubai, Hong Kong, Montevideo, Nassau, New
York, Singapore, Sydney, Tokyo and Toronto.  Man Group plc is listed on the
London Stock Exchange (EMG) 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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