Return of Cash

Man Group plc
26 November 2007


              MAN GROUP PLC RETURN OF CASH - RESULTS OF ELECTIONS

Return of Cash Update

Man Group plc (the 'Company') is pleased to provide an update in respect of the
Return of Cash to Shareholders.

Results of Shareholder Elections

Shareholders' elections or, as the case may be, deemed elections for the
Alternatives in respect of the Return of Cash were as follows:

                                              Number of Existing Ordinary Shares
Dividend Alternative                                             1,043,449,209
Immediate Capital Alternative                                      868,609,694
Deferred Capital Alternative                                        47,689,017
                            TOTAL                                1,959,747,920

Based on Shareholders' elections or, as the case may be, deemed elections for
the Alternatives set out above, 916,298,711 B Shares and 1,043,449,209 C Shares
were issued at 8.00 a.m. today and Shareholders will receive the proceeds of the
Return of Cash as follows:

                                                                     Number
Dividend Alternative

C Shares on which the Single Dividend is to become payable.
Cash is expected to be sent to relevant Shareholders by 13
December 2007                                                    1,043,449,209

Immediate Capital Alternative

B Shares which are expected to be redeemed by 6 December 2007.
Cash is expected to be sent to relevant Shareholders by 13
December 2007                                                      868,609,694

Deferred Capital Alternative

B Shares which are expected to be redeemed between 1 July 2008
and 7 July 2008. Cash is expected to be sent to relevant
Shareholders by 14 July 2008                                        47,689,017

                                                         TOTAL   1,959,747,920

No application has been, or will be, made for the B shares or the C Shares to be
admitted to listing on the Official List or admitted to trading on the London
Stock Exchange's market for listed securities or any other recognised investment
exchange.

The B Shares issued pursuant to the Immediate Capital Alternative and the C
Shares cannot be held in CREST. No share certificates will be issued in respect
of the B Shares issued pursuant to the Immediate Capital Alternative or the C
Shares.

The Company will despatch share certificates in respect of B Shares issued
pursuant to the Deferred Capital Alternative by 6 December 2007. Shareholders
who hold their Existing Ordinary Shares in CREST have had any B Shares issued
pursuant to the Deferred Capital Alternative automatically credited to their
CREST account at approximately 8 a.m. today.

An expected timetable of key outstanding events in relation to the Return of
Cash is set out as the Appendix to this announcement.

Defined terms in this announcement bear the meanings as set out in the circular
to Shareholders dated 22 October 2007 unless stated otherwise.

Merrill Lynch International, which is authorised and regulated by the Financial
Services Authority, is acting exclusively for Man Group plc and no one else in
connection with the proposed Return of Cash and will not be responsible to
anyone other than Man Group plc for providing the protections afforded to
clients of Merrill Lynch International or for providing advice in relation to
the Return of Cash.

Enquiries
Man Group plc 020 7144 1000
Peter Clarke
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. The Group employs 1,600 people in 13 countries, with key centres
in London and Pfaffikon (Switzerland), 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.


                                    APPENDIX

                  EXPECTED TIMETABLE OF KEY OUTSTANDING EVENTS

Single Dividend becomes payable and C Shares in respect of which  By 6 December
the Single Dividend is payable automatically reclassify as        2007
Deferred Shares

Redemption of B Shares under the Immediate Capital Alternative    By 6 December
                                                                  2007

Announcement on a Regulatory Information Service of the Sterling  By 6 December
Equivalent of US$1.40 payable in respect of the Single Dividend   2007
under the Dividend Alternative and the redemption of the B Shares
under the Immediate Capital Alternative

Despatch of share certificates in respect of New Ordinary Shares  By 6 December
and B Shares issued under the Deferred Capital Alternative and    2007
despatch of cheques and CREST accounts credited in respect of
fractional entitlements

Despatch of cheques or payment by BACS to mandated accounts in    By 13 December
respect of the Dividend Alternative                               2007

Despatch of cheques and CREST accounts credited in respect of the By 13 December
Immediate Capital Alternative                                     2007

Redemption of B Shares under the Deferred Capital Alternative     Between 1 July
expected to take place                                            2008 and 7
                                                                  July 2008


Note: References to times in this announcement are to London times. If any of
the above times or dates should change, the revised times and/or dates will be
notified to Shareholders by an announcement on a Regulatory Information Service.




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