EMG Man Group Plc

RNS Number:2750X
Man Group plc
02 April 2004



2 April 2004

SALE OF MAN GROUP'S STAKE IN SUGAR AUSTRALIA AND
NEW ZEALAND SUGAR COMPANY

Man Group plc ("Man Group"), the global provider of alternative investment
products and futures broker,has today signed an agreement to sell its 25% stake
in Sugar Australia and New Zealand Sugar Company to CSR Ltd for #25.2m . The
transaction which is subject to various third party consents is expected to
complete by 31st July 2004.

The sale willnot create any material pre-goodwill profit or loss for the Man
Group. However, after writing back goodwill previously written off to reserves
at the time of the formation of the Sugar Australia joint venture, there will be
a small exceptional loss.


Enquiries
Man Group plc     020 7144 1000
David Browne

Merlin            020 7653 6620
Paul Lockstone
Lachlan Johnston


Notes to Editors

About Man Group plc
Man Group 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 2,500 people in 15 countries, with key centres in London, Pfaffikon
(Switzerland), Chicago, New York, Paris, Singapore and Sydney. Man Group is
listed on the London Stock Exchange (EMG.L) and is a constituent of the FTSE 100
index. Further information on Man Group can be found at www.mangroupplc.com






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