MF Global Ltd., currently operating through Man Financial Ltd, Man Financial Inc. and other subsidiaries of Man Group plc, today announced that the estimated price range for its initial public offering of common shares is US$36 to US$39.

Man Group plc currently plans to offer 97.4 million common shares of MF Global, representing approximately 80% of the outstanding share capital.

Man Group has also granted the underwriters an option to purchase up to 9.7 million additional common shares of MF Global in the offering.

On March 30, 2007 Man Group announced its intention to separate Man Financial, its brokerage business, through an initial public offering. Man Financial will be renamed MF Global upon completion of the separation and IPO.

MF Global’s common shares have been approved for listing on the New York Stock Exchange under the ticker symbol MF.

Citigroup, J.P. Morgan, Lehman Brothers, Merrill Lynch & Co. and UBS Investment Bank are serving as joint book-running managers for the offering. The joint lead managers are Credit Suisse, Deutsche Bank Securities, Goldman, Sachs & Co. and Morgan Stanley. Other co-managers include ABN AMRO Rothschild LLC, Banc Of America Securities LLC, BMO Capital Markets, HSBC, Keefe, Bruyette & Woods, Sandler O’Neill + Partners, L.P., and Wachovia Securities. Lazard is acting as a financial advisor to MF Global in the matter.

MF Global, currently operating through Man Financial Ltd, Man Financial Inc. and other subsidiaries of Man Group plc, is the leading broker of exchange-listed futures and options in the world, providing execution and clearing services for exchange-traded and over-the-counter derivative products, as well as for non-derivative foreign exchange products and securities in the cash market.

MF Global has offices in Bermuda, New York, London, Chicago, Paris, Mumbai, Singapore, Sydney, Toronto, Tokyo, Hong Kong, Taipei, Dubai, and other locations.