THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

FOR IMMEDIATE RELEASE

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").

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 1 July 2022 through to 30 June 2023. 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 120,122,909 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

Director, Investor Relations

+44 20 7144 1434

[email protected]

Georgiana Brunner

Head of Communications

+44 20 7144 1000

[email protected]

Neil Doyle

FTI Consulting

+44 77 7197 8220

[email protected]

The person responsible at the Company for the release of this announcement for the purposes of UK MAR is Antoine Forterre, Chief Financial Officer.