MF Global Announces Price Range for its Initial Public Offering

Business Wire, June 21, 2007

NEW YORK -- MF Global Ltd. (currently operating through Man Financial Ltd, Man Financial Inc. and other subsidiaries of Man Group plc) today filed with the U.S. Securities and Exchange Commission (SEC) an amendment to its registration statement on Form F-1 for the initial public offering of its common shares. The estimated price range for the initial public offering is $36 to $39.

Man Group plc (LSE:EMG) currently plans to offer 97.4 million common shares of MF Global, representing approximately 80% of the outstanding share capital. Man Group has also granted the underwriters an option to purchase up to 9.7 million additional common shares of MF Global in the offering.

On March 30, 2007 Man Group announced its intention to separate Man Financial, its brokerage business, through an initial public offering. Man Financial will be renamed MF Global upon completion of the separation and IPO. MF Global's common shares have been approved for listing on the New York Stock Exchange under the ticker symbol "MF."

Citi, JPMorgan, Lehman Brothers, Merrill Lynch & Co. and UBS Investment Bank are serving as joint book-running managers for the offering. The joint lead managers are Credit Suisse, Deutsche Bank Securities, Goldman, Sachs & Co. and Morgan Stanley. Other co-managers include ABN AMRO Rothschild LLC, Banc Of America Securities LLC, BMO Capital Markets, HSBC, Keefe, Bruyette & Woods, Sandler O'Neill Partners, L.P., and Wachovia Securities. Lazard is acting as a financial advisor to MF Global in the matter.

The offering will be made only by means of a prospectus. Copies of the preliminary prospectus may be obtained by contacting any of the joint book-running managers whose contact information is listed below.*

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state.

About MF Global

MF Global, currently operating through Man Financial Ltd, Man Financial Inc. and other subsidiaries of Man Group plc, is the leading broker of exchange-listed futures and options in the world, providing execution and clearing services for exchange-traded and over-the-counter derivative products, as well as for non-derivative foreign exchange products and securities in the cash market.

MF Global has offices in Bermuda, New York, London, Chicago, Paris, Mumbai, Singapore, Sydney, Toronto, Tokyo, Hong Kong, Taipei, Dubai, and other locations.

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 4,000 people in 16 countries, with key centres in London, Pfaeffikon (Switzerland), Chicago and New York. Man Group plc is listed on the London Stock Exchange (LSE:EMG) and is a constituent of the FTSE 100 Index. Further information on the Man Group can be found at www.mangroupplc.com.

*Copies of the written preliminary prospectus related to the offering may be obtained by contacting any of the following joint book-running managers:

Citigroup Global Markets Inc.
Brooklyn Army Terminal
140 58th Street, 8th Floor
Brooklyn, N.Y. 11220
Phone: (718) 765-6732

J.P. Morgan Securities Inc.
4 Chase Metrotech Center, CS Level
Brooklyn, NY 11245
Attention: Chase Distribution & Support Service Northeast
Statement Processing
Phone: (718) 242-8002

Lehman Brothers Inc.
c/o Broadridge Integrated Distribution Services
1155 Long Island Avenue
Edgewood, NY 11717
e-mail: qiana.smith@broadridge.com
Fax: (631) 254-7268

Merrill Lynch, Pierce, Fenner & Smith Incorporated
4 World Financial Center, 5th floor
New York, NY 10080
Phone: (212) 449-1000

UBS Investment Bank
Attention: Prospectus Department
299 Park Avenue
New York, New York 10171
Phone: (212) 821-3000