Man Regulatory News (EMG)

Share buyback programme of up to $125 million

Man Group plc (the "Company") today announces that it will commence a new share buyback programme of up to $125 million (the "Share Buyback Programme"), as previously communicated to the market.

The Share Buyback Programme is in line with the Company's policy to distribute capital to shareholders while maintaining a prudent balance sheet after taking into account required capital and potential strategic opportunities. It will run from 10 March 2023 through to 9 March 2024. Purchases may continue during any closed period to which the Company is subject.-

The maximum number of shares that may be repurchased under the Share Buyback Programme is 34,750,241 shares, being the number of shares the Company is authorised to purchase pursuant to the authority granted by shareholders at the Company's 2022 Annual General Meeting ("AGM") less the number of shares that have already been repurchased pursuant to that authority1.

The purpose of the Share Buyback Programme is to reduce the share capital of the Company and to enable the Company to meet obligations arising from employee share option programmes, or other allocations of shares to employees of the Company or to members of the administrative, management or supervisory bodies of the Company, or an associate of the Company.

Share purchases will take place in open market transactions and may be made from time to time depending on market conditions, share price, trading volume and other factors. The Company has appointed J.P. Morgan Securities plc to manage an irrevocable, non-discretionary share buyback programme to repurchase the Company's shares on its behalf, and within certain parameters.

This arrangement is in accordance with the Company's general authority to repurchase shares, which extends until the Company's 2023 AGM. The Share Buyback Programme will also be effected within the parameters of the Market Abuse Regulation 596/2014/EU, including as amended by the Market Abuse (Amendment) (EU Exit) Regulations 2019 ("UK MAR") and the Commission Delegated Regulation 2016/1052/EU, including as amended by Technical Standards (Market Abuse Regulation) (EU Exit) Instrument 2019 which both form part of the law of the United Kingdom by virtue of the European Union (Withdrawal) Act 2018) and in accordance with Chapter 12 of the FCA Listing Rules.

1. The Company intends to seek shareholder approval at its 2023 AGM to renew its general authority to repurchase shares up to a maximum number of shares (expected to represent approximately 10% of the Company's issued ordinary share capital, excluding treasury shares, as at the latest practicable date prior to publication of the Notice of 2023 AGM).

Enquiries

Karan Shirgaokar

Head of Investor Relations

+44 20 7144 1434

investor.relations@man.com

Georgiana Brunner

Head of Communications

+44 20 7144 1000

media@man.com

Neil Doyle

FTI Consulting

+44 77 7197 8220

man@fticonsulting.com

About Man Group

Man Group is a global, technology-empowered active investment management firm focused on delivering alpha and portfolio solutions for clients. Headquartered in London, we manage $143.3bn* and operate across multiple offices globally.

We invest across a diverse range of strategies and asset classes, with a mix of long-only and alternative strategies run on a discretionary and quantitative basis, across liquid and private markets. Our investment teams work within Man Group's single operating platform, enabling them to invest with a high degree of empowerment while benefiting from the collaboration, strength and resources of the entire firm. Our platform is underpinned by advanced technology, supporting our investment teams at every stage of their process, including alpha generation, portfolio management, trade execution and risk management.

Our clients and the millions of retirees and savers they represent are at the heart of everything we do. We form deep and long-lasting relationships and create tailored solutions to help meet their unique needs. We recognise that responsible investing is intrinsically linked to our fiduciary duty to our clients, and we integrate this approach broadly across the firm.

We are committed to creating a diverse and inclusive workplace where difference is celebrated and everyone has an equal opportunity to thrive, as well as giving back and contributing positively to our communities. For more information about Man Group's global charitable efforts, and our diversity and inclusion initiatives, please visit: https://www.man.com/corporate-responsibility

Man Group plc is listed on the London Stock Exchange under the ticker EMG.LN and is a constituent of the FTSE 250 Index. Further information can be found at: www.man.com

*As at 31 December 2022. All investment management and advisory services are offered through the investment "engines" of Man AHL, Man Numeric, Man GLG, Man FRM and Man Global Private Markets (GPM).