MF Global Secures Bank Commitment of $450 Million

Business Wire, June 13, 2008

Commitment Marks Final Step in Capital Plan

Accrues for Potential CFTC Actions

NEW YORK -- MF Global (NYSE: MF), a leading broker of exchange-listed futures and options, today announced that a bank syndicate has committed to provide a $450 million new credit facility. When closed, the new credit facility will mark the final step in MF Global's plan to refinance the company's $1.4 billion bridge loan which it took out in conjunction with its initial public offering and separation from Man Group plc in July 2007.

As previously announced, in addition to the new credit facility, the remaining portions of the outstanding bridge loan are to be repaid as follows:

* $350 million from the company's existing five-year liquidity facility which will be used to fund the bridge loan payment that is scheduled to be paid today;

* $300 million from a sale of equity-linked securities, for which the company has signed a definitive agreement with an affiliate of J.C. Flowers & Co. LLC to provide a backstop commitment1; and

* $300 million of excess funds currently held by the company.

"We are very pleased to have received the banks' commitment as it marks the final leg of our capital plan," said Kevin Davis, chief executive officer, MF Global. "This important step provides MF Global with the financial flexibility to pursue our growth strategy and allows us to remain focused on delivering results for our shareholders."

The new credit facility will have a two year maturity. The refinancing is anticipated to be completed by the end of July. The commitment is more fully described in the company's Form 10-K filed with the SEC today.

The commitment of the participating banks is subject to customary terms and conditions, including negotiation and execution of definitive loan documentation. There can be no assurances that the anticipated refinancing will be completed or, if completed, what the timing or final terms of such transaction will be.

Accrual for Potential CFTC Actions

The company also recently established an accrual of $10 million to cover potential civil monetary penalties related to the previously disclosed unauthorized trading incident which occurred in February 2008, as well as two other pending investigations before the Commodity Futures Trading Commission.

As a result of recent events, and in accordance with U.S. GAAP accounting standards, MF Global has recorded a best estimate accrual in its fiscal 2008 financial statements, as filed in the company's Form 10-K with the SEC today.

ABOUT MF GLOBAL

MF Global Ltd. is a leading broker of exchange-listed futures and options in the world. 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 138,000 active accounts ranges from financial institutions, hedge funds and other asset managers, and professional traders and private 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.

FORWARD-LOOKING STATEMENT

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Forward-looking statements in this press release, including statements relating to the Company's future revenues and earnings, plans, strategies, objectives, expectations and intentions, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy, and some of which might not be anticipated. We caution you not to place undue reliance on these forward-looking statements. We refer you to the Company's filings with the Securities and Exchange Commission (SEC) for a description of the risks and uncertainties the Company faces.

1 Under the terms of the backstop commitment, J.C. Flowers will purchase a minimum of $150 million and a maximum of $300 million of convertible preferred securities.