Earnings release
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Press Release 16 October 2026 TRADING STATEMENT FOR THE QUARTER ENDED 30 SEPTEMBER 2026 Assets under management (AUM) of $270.9bn as at 30 September 2026 (30 June 2026: $253.6bn) AUM movements for the three months ended 30 September 2026 $bn AUM at 30 Jun 2026 Net flows Investment performance Other1 AUM at 30 Sep 2026 Liquid alternative 92.9 1.9 3.0 1.9 99.7 Private market 17.6 0.0 0.0 (0.2) 17.4 Alternative 110.5 1.9 3.0 1.7 117.1 Long-only equity 104.2 5.8 3.3 (0.1) 113.2 Long-only credit 38.9 2.4 (0.4) (0.3) 40.6 Long-only 143.1 8.2 2.9 (0.4) 153.8 Total 253.6 10.1 5.9 1.3 270.9 AUM by product category $bn 30 Sep 202531 Dec 202531 Mar 202630 Jun 202630 Sep 2026 Liquid alternative 83.2 86.8 89.8 92.9 99.7 Solutions2 29.7 32.0 33.6 35.6 38.4 Risk premia 13.4 14.7 15.3 15.9 18.1 External alpha 14.4 14.8 14.3 14.5 14.6 Trend-following 8.7 8.1 8.2 8.3 9.4 Multi-asset risk parity 8.4 7.9 8.1 7.0 6.4 Multi-strat 2.9 3.1 3.3 3.8 4.4 Other3 5.7 6.2 7.0 7.8 8.4 Private market 14.4 17.1 17.1 17.6 17.4 Private credit 10.9 13.0 13.5 14.1 14.1 CLOs 2.1 2.7 2.1 2.0 1.9 Real estate 1.4 1.4 1.5 1.5 1.4 Long-only equity 85.8 90.0 86.4 104.2 113.2 Discretionary 16.3 17.2 17.7 19.1 20.9 Systematic 69.5 72.8 68.7 85.1 92.3 Long-only credit 30.5 33.7 35.4 38.9 40.6 Discretionary 27.7 30.7 32.3 36.1 37.5 Systematic 2.8 3.0 3.1 2.8 3.1 Total 213.9 227.6 228.7 253.6 270.9 Investment performance
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Return (net of fees) Annualised return (net of fees) 3 months to30 Sep 2026 9 months to30 Sep 2026 3 years to30 Sep 2026 5 years to30 Sep 2026 Inception to 30Sep 2026 Liquid alternative AHL Alpha 4 5.4% 12.9% 6.4% 6.5% 9.9% AHL Dimension* 5 5.6% 12.4% 5.0% 5.6% 4.8% AHL Evolution 6 9.6% 5.6% 1.6% 3.4% 10.4% Man Liquid Alpha 7 11.4% 16.5% 13.4% 12.1% 6.7% Man TargetRisk 8 -2.7% 5.2% 9.6% 3.7% 7.6% Man Strategies 1783* 9 2.8% 10.9% 13.7% 11.0% 8.8% Man Alpha Select Alternative 10 -5.4% 1.7% 4.0% 5.4% 4.7% Man Event Driven Alternative 11 1.4% 3.2% 5.4% 4.6% 6.1% Long-only equity Man Japan CoreAlpha Equity 12 12.2% 26.0% 26.2% 25.1% 8.8% Relative return 8.4% 2.9% 2.4% 7.1% 2.2% Man Undervalued Assets 13 7.9% 10.5% 14.6% 11.4% 8.5% Relative return 5.4% 0.7% -0.8% 0.5% 1.0% Numeric Global Core 14 2.4% 13.6% 26.0% 14.9% 12.8% Relative return 0.5% 1.9% 4.6% 3.0% 1.3% Numeric Emerging Markets Core 15 -0.6% 27.3% 29.2% 12.2% 9.3% Relative return -0.2% 3.9% 5.2% 3.3% 2.8% Numeric Europe Core 16 -0.7% 11.3% 19.2% 12.2% 9.7% Relative return 0.3% 1.6% 4.4% 2.2% 2.4% Long-only credit Man High Yield Opportunities 17 -0.1% 3.7% 10.6% 5.9% 9.0% Relative return 1.6% 2.9% 2.2% 2.3% 4.0% Man Global Investment Grade Opportunities 18 -2.4% 0.3% 11.2% 7.3% Relative return 0.7% 2.1% 5.8% 6.9% Indices HFRX Global Hedge Fund Index 19 -0.8% 3.9% 6.0% 2.9% HFRI Fund of Funds Conservative Index 19 -1.0% 3.9% 6.8% 4.9% HFRI Equity Hedge (Total) Index 19 -2.2% 7.1% 14.2% 7.1% HFRX EH: Equity Market Neutral Index 19 -0.1% -0.3% 5.2% 3.4% Barclay BTOP 50 Index 20 5.8% 14.9% 6.1% 7.4% SG Trend Index 21 6.1% 15.8% 5.0% 8.0% *Estimated Past or projected performance is no indication of future results. Financial indices are used for illustrative purposes only and are provided for the purpose of making acomparison to general market data as a point of reference and should not be construed as a true comparison to the strategy. The information herein is being provided solely in connection with this press release and is not intended to be, nor should it be construed or used as, investment, taxor legal advice, any recommendation or opinion regarding the appropriateness or suitability of any investment or strategy, or an offer to sell, or a solicitation of an offerto buy, an interest in any security, including an interest in any fund or pool described herein. About Man Group Man Group is a global alternative investment management firm focused on pursuing outperformance forsophisticated clients via our Systematic, Discretionary and Solutions offerings. Powered by talent and advanced technology, our single and multi-manager investment strategies are underpinned by deep research and span publicand private markets, across all major asset classes, with a significant focus on alternatives. Man Group takes apartnership approach to working with clients, establishing deep connections and creating tailored solutions to meet their investment goals and those of the millions of retirees and savers they represent. Headquartered in Jersey, we manage $270.922 billion and operate across multiple offices globally. Man Group plc is listed on the London Stock Exchange under the ticker EMG.LN and is a constituent of the FTSE 250 Index. Furtherinformation can be found at www.man.com. Important information The content of the websites referred to in this announcement is not incorporated into and does not form part of this announcement. Nothing in this announcement should be construed as or is intended to be a solicitation for or anoffer to provide investment advisory services or to invest in any investment products mentioned herein. Enquiries
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Karan ShirgaokarHead of Strategy and Shareholder Relations+44 20 7144 1000shareholder.relations@man.com Rebecca Hooper (EMEA & APAC)Communications Director+44 7513 712636communications@man.com Robin Pertusi (Americas)Communications Director+1 212 649 6859communications@man.com Eilís MurphyBrunswick Group+44 7974 982471emurphy@BrunswickGroup.com Notes 1 Includes the impact of foreign currency exchange rate fluctuations, performance-linked leverage movements, distributions, and realisations (proceeds frommaturities or disposals) across private market strategies, and capital returned to investors from CLO strategies.2 Includes trend-following, multi-asset risk parity and other liquid alternative strategies distributed via Solutions.3 Includes other Systematic and Discretionary liquid alternative strategies.4 Represented by AHL Alpha plc from 17 October 1995 to 30 September 2012, and by AHL Strategies PCC Limited: Class Y AHL Alpha USD Shares from 1October 2012 to 30 September 2013. The representative product was changed at the end of September 2012 due to the provisioning of fund liquidation costs inOctober 2012 for AHL Alpha plc, which resulted in a tracking error compared with other Alpha Programme funds. Both funds are valued weekly; however, forcomparative purposes, statistics have been calculated using the best quality price that is available at each calendar month end, using estimates where a finalprice is unavailable. Where a price, either estimate or final is unavailable on a calendar month end, the price on the closest date prior to the calendar month endhas been used. Both track records have been adjusted to reflect the fee structure of AHL Alpha (Cayman) Limited - USD Shares. From 30 September 2013, theactual performance of AHL Alpha (Cayman) Limited - USD Shares is displayed.5 Represented by AHL Strategies PCC Limited: Class B AHL Dimension USD Shares from 3 July 2006 to 31 May 2014, and by AHL Dimension (Cayman) Ltd - FUSD Shares Class from 1 June 2014 until 28 February 2015 when AHL Dimension (Cayman) Ltd - A USD Shares Class is used. Representative fees of 1.5%Management Fee and 20% Performance Fee have been applied.6 Represented by AHL Evolution Limited adjusted for the fee structure (2% p.a. management fee and 20% performance fee) from September 2005 to 31 October2006; and by AHL Strategies PCC: Class G AHL Evolution USD from 1 November 2006 to 30 November 2011; and by the performance track record of AHLInvestment Strategies SPC: Class E AHL Evolution USD Notes from 1 December 2011 to 30 November 2012. From 1 December 2012, the track record of AHL(Cayman) SPC: Class A1 Evolution USD Shares has been shown. All returns shown are net of fees.7 Represented by Man Liquid Alpha SP Class A USD (formerly known as Man Alternative Risk Premia SP Class A USD). AUM included within Risk premia underthe liquid alternative product category.8 Represented by Man TargetRisk Class I USD. AUM included within Multi-asset risk parity under the liquid alternative product category.9 Represented by Man Strategies 1783 Class F1 USD from 31 January 2020 to 31 December 2021 (0.50% p.a. management fee and 20% performance fee); andby Man Strategies 1783 Class A USD from 1 January 2022 to 31 August 2024 (2% p.a. management fee and 20% performance fee). From 1 September 2024the performance of Man Strategies 1783 CL B2 USD is used, this has a 1.0% management fee and a performance fee of 15%, plus additional talentpassthrough costs included within the underlying portfolio. AUM included within Multi-strat under the liquid alternative product category.10 Represented by Man Alpha Select Alternative IL GBP. AUM included within Other under the liquid alternative product category.11 Represented by Man Event Driven Alternative IN USD. AUM included within Other under the liquid alternative product category.12 Represented by Man Japan CoreAlpha Fund - Class C converted to JPY until 28 January 2010. From 1 February 2010 Man Japan CoreAlpha Equity Fund -Class I JPY is displayed. Relative return shown vs TOPIX (JPY, GDTR); AUM included within Discretionary under the long-only equity product category.13 Represented by Man Undervalued Assets Fund - C Accumulation Shares. Relative return shown vs FTSE All Share (GBP, NDTR). AUM included withinDiscretionary under the long-only equity product category.14 Performance relative to the MSCI World (USD). This reference index is intended to best represent the strategy’s universe. Investors may choose to comparereturns for their accounts to different reference indices, resulting in differences in relative return information. Comparison to an index is for informationalpurposes only, as the holdings of an account managed by Numeric will differ from the securities which comprise the index and may have greater volatility thanthe holdings of an index. AUM included within Systematic under the long-only equity product category.15 Performance relative to MSCI Emerging Markets (USD). This reference index is intended to best represent the strategy’s universe. Investors may choose tocompare returns for their accounts to different reference indices, resulting in differences in relative return information. Comparison to an index is for informationalpurposes only, as the holdings of an account managed by Numeric will differ from the securities which comprise the index and may have greater volatility thanthe holdings of an index. AUM included within Systematic under the long-only equity product category.16 Performance relative to the MSCI Europe (EUR). This reference index is intended to best represent the strategy’s universe. Investors may choose to comparereturns for their accounts to different reference indices, resulting in differences in relative return information. Comparison to an index is for informationalpurposes only, as the holdings of an account managed by Numeric will differ from the securities which comprise the index and may have greater volatility thanthe holdings of an index. AUM included within Systematic under the long-only equity product category.17 Represented by Man High Yield Opportunities I H USD. Relative return is shown vs ICE BofA Global High Yield Index (USD, TR) Hedged benchmark. AUMincluded within Discretionary under the long-only credit product category.18 Represented by Man Global Investment Grade Opportunities I USD. Relative return is shown vs ICE BofA Global Large Cap Corporate Index (USD, TR)Hedged. AUM included within Discretionary under the long-only credit product category.19 HFRI and HFRX index performance over the past 4 months is subject to change.20 The historical Barclay BTOP 50 Index data is subject to change.21 Formerly known as Newedge Trend Index. Index performance is net of all fees.22 As at 30 September 2026. Assets under management include advisory-only assets where Man Group provides model portfolios but does not have decisionmaking or trading authority over the assets and dedicated managed account platform services for which Man Group provides platform and risk managementservices but does not provide investment management services. All investment management and advisory services are offered through Man Group affiliatedregulated investment managers.This document should be read in conjunction with the content and definitions included in the 2025 Annual Report.
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