Quarterly FUM

Man Group plc
12 January 2005


12 January 2005

Quarterly Funds Under Management Statement

Man Group plc, the global provider of alternative investment products and agency
brokerage, makes the following Quarterly Funds Under Management Statement.

Funds under management at today's date are estimated to be $42 billion, up from
$38.4 billion at 30 September 2004 (see footnote below).

Investor money raised in the three months to 31 December 2004 was $2.2 billion.
10 new private investor fund products were launched during the quarter. Sales
from Man's global launch, Man RMF Multi-Style Series 2, accounted for $0.2
billion. The most recent global launch, Man AP Enhanced Ltd, raised $227 million
but will not start trading until late January - it is therefore not included in
the figures for this period. Joint venture sales (including the Japanese product
and OM-IP 15seven) accounted for $0.8 billion. Other private investor sales,
mainly relating to open-ended funds, accounted for $0.3 billion. Institutional
sales in the quarter were $0.9 billion. The split of funds under management is
private investor $24.5 billion (30 September 2004: $22.4 billion) and
institutional $17.5 billion (30 September 2004: $16.0 billion). Redemptions
remain at the low end of annualised long term experience and totalled $1.3
billion, of which private investor were $0.7 billion.

Quarterly Funds Under Management statements will henceforth be announced on the
following timetable: early January; late March (with the pre-close statement);
early July; and late September (with the pre-close statement).

Note: The funds under management figures exclude $0.7 billion relating to
Westport, where Man has entered into an agreement to reduce its majority
shareholding to less than 50%.

Enquiries
Man Group plc         020 7144 1000
Peter Clarke
David Browne

Merlin Financial      020 7653 6620
Paul Lockstone
Vanessa Maydon
Lachlan Johnston

Notes to Editors

About Man Investments
Man Investments, the Asset Management division, is a global leader in the fast
growing alternative investments industry. It provides innovative products and
tailor-made solutions to private and institutional investors. Through its core
investment managers - AHL, RMF, Glenwood and Man Global Strategies - Man has
succeeded in developing leadership in hedge funds and has interests in other
asset classes. In its core hedge fund asset class, Man offers funds of hedge
funds, structured, style and single manager products. Its track record stretches
back two decades and defines the standard for excellence in an industry whose
central goal is to provide diversification away from traditional equity and bond
investments. Man has a powerful global presence and an extensive network of
distribution partners. Further information on Man Investments can be found on
www.maninvestments.com

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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