MF Global Announces Price Range for its Initial Public Offering

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:

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*T
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
*T