Man Group plc - Corporate Responsibility Report 2007

We have, as managers and as a company, always aspired to the highest standards of ethical behaviour in all of our engagements and interactions with our team, customers, investors, regulators and other stakeholders in our business.

We have enjoyed a period of significant and sustained growth in all facets of our global operations and believe we have been able to achieve this growth by evidencing our professionalism as a company and the fact that people feel able to trust in and rely on us.

This goes further than being perceived as a ‘safe pair of hands’; it has more to do with continuity – continuity of performance, a consistency of good corporate and individual behaviour, which we endeavour to exemplify in all of our day-to-day interactions.

We found it most encouraging, for example, that in our recent Global Employee Survey, a number of the verbatim comments expressed pride in the fact that we were regarded as an ethical company and that our teams found this a key element in differentiating our businesses in the marketplace. The fact that our ethical standards are imbued into the fabric of our businesses does, we believe, account for the very positive light in which we are regarded by regulators and other stakeholders worldwide.

The very positive market response to the intended Initial Public Offering of MF Global is further testament to this and is something of which I and my team are very proud. Evidencing our commitment to and compliance with our business principles forms the basis of our reputation which in turn creates loyalty in our customer and intermediary base. This combination imbues sustainability which in turn leads to consistency in all facets of the performance of our Company.

Our Corporate Responsibility Programmes and leadership provide the framework and delineation of those risks which might impact on our reputation.

---