Result of Equity Issue

Man Group PLC
18 January 2001

Man Group plc

18 January 2001



Pricing of placing for cash (the 'Placing') of new ordinary shares of 10p each
in Man Group plc ('Man Group') to raise £75 million before expenses



Further to the announcement made earlier today, and following completion of
the bookbuilding process, the Placing price has now been determined.



Man Group confirms that it is issuing 11,194,030 new ordinary shares at a
price of 670p per share to raise £75 million before expenses.  The Placing
shares being issued represent approximately 4.38% of Man Group's issued share
capital prior to the Placing.



The Placing is conditional on the UK Listing Authority admitting the Placing
shares to the Official List and the London Stock Exchange admitting the
Placing shares to trading (together 'Admission').  It is expected that
allocations will be confirmed with successful placees as soon as practicable
tomorrow morning.



Credit Suisse First Boston (Europe) Limited ('Credit Suisse First Boston')
acted as sole bookrunner to the Placing.



Chief Executive, Stanley Fink today commented:



'We are delighted by the strong support for the Group demonstrated by the
participation in the placing both by existing and new shareholders.  Man has a
strong international business franchise, an expanding range of products and a
long track record of delivering performance to our fund investors reinforced
by good results for calendar 2000.  The proceeds of the £75m cash placing will
strengthen our ability to take advantage of opportunities in the fast growing
alternative investment market as they arise.'



Enquiries:



Man Group                        Tel:   [phone]

Stanley Fink

Peter Clarke



Credit Suisse First Boston       Tel:   [phone]

Chris Chambers

John McIvor



Gavin Anderson                   Tel:   [phone]

Marc Popiolek

Lindsey Harrison




The Placing Shares may not be offered or sold in the United States of America
or to or for the account of any US Person (as defined in Regulation S under
the US Securities Act of 1933 (the 'Securities Act')) absent registration
under the Securities Act or an exemption from such registration.  Man Group
does not intend to register the Placing Shares.  This announcement is not an
offer to sell, or a solicitation of an offer to buy, any Man Group ordinary
shares.  Credit Suisse First Boston is acting for Man Group in connection with
the Placing and will not be responsible to any other person for providing the
protections afforded to customers of Credit Suisse First Boston or for
providing advice in connection with the Placing.



The Placing Shares are being offered to institutional investors outside of the
United States of America in reliance on Regulation S under the Securities Act.
The Placing Shares have not been and will not be registered under the
Securities Act and may not be offered or sold within the United States of
America, or to or for the account of US Persons unless registered under the
Securities Act or pursuant to an exemption from such registration.  Under the
Securities Act, securities may not be offered or sold in the United States of
America absent registration or an exemption from registration.  Any public
offering of securities to be made in the United States of America will be made
by means of a prospectus that may be obtained from the Man Group or the
selling shareholder and that will contain detailed information about the Man
Group and its management as well as financial statements.



The distribution of this announcement and the offering or sale of the Placing
Shares in certain jurisdictions is restricted by law. This announcement may
not be used for, or in connection with, and does not constitute, any offer to,
or solicitation by, anyone in any jurisdiction in which it is unlawful to make
such an offer or solicitation.