Man Group plc ("Man") and GLG Partners, Inc. ("GLG") are pleased to announce that the recommended acquisition of GLG by Man has been completed today, to create a multi-style,

performance-focused alternative asset manager with funds of around $63 billion under management. GLG is now a wholly owned subsidiary of Man.

Peter Clarke, Chief Executive of Man, said: “The acquisition of GLG is a significant milestone in Man’s development as a global leader in alternative asset management. Investors are now able to gain access to managed futures, equity, credit, emerging markets, global macro, across single manager funds, managed accounts, multi-manager portfolios and structured products, all managed by Man’s highly experienced and talented investment professionals. This builds on our commitment to providing investors with strong risk-adjusted performance that can add diversification benefits to an investment portfolio.”

GLG was established over 15 years ago and has delivered outstanding performance across a range of discretionary strategies including equity, credit, emerging market and global macro. GLG recruits and retains some of the world’s most widely respected investment professionals and fosters a culture of collaboration and investment excellence. GLG’s products therefore offer exciting investment opportunities on a standalone basis or as a complement to Man’s existing product range. Mr Clarke adds: “Our priority now is to maintain focus on delivering outstanding investment performance. We are convinced that the combined strengths of Man and GLG will provide compelling investment opportunities for our clients going forward and look forward to introducing GLG’s exceptional investment management capabilities to a broader global market. “