Bernard Dan Joins MF Global as North American Chief Operating Officer

Business Wire, June 12, 2008

Former CEO of Chicago Board of Trade Strengthens Leadership Team

NEW YORK -- MF Global Ltd. (NYSE: MF), a leading broker of exchange-listed futures and options, today announced the appointment Bernard (Bernie) Dan as chief operating officer of the company's collective North American businesses. The appointment is the second in a series of executive hires and part of MF Global's overall plan to broaden and strengthen its senior leadership team as well as oversight of global operations.

Mr. Dan will assume responsibility for technology and operations including the control environment and overall administration for all MF Global's North American operating entities. Mr. Dan will also join the company's global executive management committee.

"We are extremely pleased Bernie has decided to join our senior team," said Kevin Davis, chief executive officer, MF Global. "I have known Bernie for more than 15 years and am confident that his industry knowledge, market expertise and management experience will be a tremendous asset to MF Global. Bernie will be responsible for helping to ensure MF Global has best-in-class systems, processes and controls in the United States and Canada whilst helping position our company for future growth."

Mr. Dan previously headed the Chicago Board of Trade where he served as president and chief executive officer from November 2002 until July 2007 upon completion of the merger with the Chicago Mercantile Exchange. Prior to joining the CBOT in 2001, Mr. Dan served as president and chief executive officer of Cargill Investor Services, Inc., a wholly owned subsidiary of Cargill, Inc.

"MF Global represents a tremendous opportunity to join a market leading franchise with a long track record of performance," said Mr. Dan. "I look forward to contributing to an already seasoned leadership team and working with Kevin and all of my new colleagues to enhance the leading edge technology, systems and operations of the company."

As previously announced MF Global is also in the process of restructuring the company's risk department and is hopeful of making further announcements in that regard in the coming weeks.

About MF Global Ltd.

MF Global Ltd. is a leading global broker of exchange-listed futures and options. It provides independent 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 is uniquely diversified across products, trading markets, customers and regions. Its worldwide client base of more than 130,000 active accounts ranges from financial institutions, industrial groups, hedge funds and other asset managers to professional traders and private/retail clients.

MF Global operates in 12 countries on more than 70 exchanges, providing access to the largest and fastest growing financial markets in the world. It is the leader by volume on many of these markets and on a single day averages eight million lots, more than most of the world's largest derivatives exchanges. For more information, please visit www.mfglobal.com.