Trading Statement

Man Group plc
30 September 2005


30 September 2005

Pre-Close Trading Update and Quarterly Funds Under Management Statement

Man Group plc announces the following Trading Update and Quarterly Funds Under
Management Statement ahead of its close period for the six months ending 30
September 2005.

Sales in the three months to 30 September 2005 are estimated at $1.8 billion, of
which Man's global launch, Man AP Enhanced Series 2 Ltd, accounted for $0.3
billion.  Joint venture sales accounted for $0.3 billion.  Other private 
investor sales, mainly relating to open-ended funds, accounted for $0.2 billion.
Institutional sales in the quarter were $1.0 billion.  Performance added 
$1 billion in the quarter, with strong performance from AHL (up 7%#) and 
positive investment movement across all other principal managers. Redemptions 
for the three months to 30 September 2005 totalled $1.6 billion, of which 
private investor were $0.9 billion.  In addition, there was $0.5 billion of 
third party maturities at Marin, an affiliated manager, on which Man had been 
earning modest fees under a fee sharing arrangement.  Man Group funds under 
management at today's date are estimated to be $44 billion split private 
investor $26 billion and institutional $18 billion.  The most recent global 
launch, Man-IP 220 Ltd, will not close until October - it is therefore not 
included in the sales figures for this period.

It is anticipated that Group pre-tax profits for the six months ending 30
September 2005 will be in line with market expectations.  Net management fee 
income will be up by over 20% on the first six months to 30 September 2004.  
Net performance fee income will be up strongly over the first six months of last
year, reflecting good performance at AHL in particular.  Brokerage net income 
will be up over 15% due to continued organic growth in underlying product 
volumes and continued recruitment of producer teams.  Fully diluted underlying 
earnings per share* are expected to be up by about 20% and total earnings per 
share** by over 30%.

Man Group will announce its interim results on 17 November 2005 under
International Financial Reporting Standards, the Group's new accounting basis.

Prior year figures under IFRS:

                                                     6 months to
                                                  30 September 2004

                                                     $m
Asset Management net management fee income          259
Asset Management net performance fee income          31
Brokerage                                            70
                                                      c
Underlying EPS*                                      80
Total EPS**                                          88


#As represented by the performance of Athena Guaranteed Futures Ltd in the three
months to 29 September 2005.
* Underlying earnings represents earnings from net management fee income in
Asset Management plus Brokerage net income (it therefore excludes net
performance fee income in Asset Management, Sugar Australia and the prior year
exceptional gain on the exchangeable bonds).
** Before prior year exceptional gain on the exchangeable bonds.
Note: The current market expectations of Group total pre tax profits referred to
earlier in this announcement are based on forecasts of profit before tax
provided to Man Group by ten UK equity analysts since the Group's final results
in May 2005. The consensus, calculated as the average, is $481 million.


Enquiries
Man Group plc                       020 7144 1000
Peter Clarke
David Browne

Merlin                              020 7653 6620
Paul Downes                          07900 244888
Paul Lockstone                       07876 685200
Lachlan Johnston                     07989 304356


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 3,000 people in 15 countries, with key centres in London,
Pfaeffikon (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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