Product Launch

Man Group PLC
3 July 2001



3 July 2001


Man Group plc ('Man Group')


Man Investment Products raises record US$430 million


Man Group, the international hedge fund manager and futures broker, today
announces that its latest global launch, Man IP 220 Plus (Series 3), has
raised over US$430 million, substantially in excess of any previous launch.


The structured product, managed by Man Investment Products, will principally
comprise investment exposure to AHL Diversified Programme ('AHL') and
Man-Glenwood. AHL manages a diversified portfolio of international financial,
currency and commodity instruments, investing in around 100 global markets.
Man-Glenwood is a risk-controlled fund of hedge funds investing in a
diversified range of hedge funds and strategies.





Stanley Fink, Chief Executive of the Man Group, today said:



'The high level of demand seen for Man Group's latest composite product
resulted in sales which are nearly double that of our previous record launch
and follows two highly successful product launches since our year end in
March.



'This substantial momentum in sales demonstrates growing investor awareness of
the alternative investment markets and the continuing attractiveness of Man
Group's offerings. The combination of the Group's product structuring skills
and the long-term track record of its principal managers continue to
differentiate our products.'





The Man IP 220 Plus (Series 3) investment objective will be to target
medium-term annualised growth, and benefits from a capital guarantee.  The
combination of AHL and Man-Glenwood, which have a low level of correlation,
provides investors with access to a wide range of opportunities within a
diversified and complementary portfolio.  The offering closed at the end of
June and is expected to start making initial investments by mid-July.





Enquiries
Man Group plc                               020 7285 3000
Peter Clarke
David Browne


Gavin Anderson                              020 7457 2345
Marc Popiolek
Victoria Jackson



Notes to Editors


About Man IP 220 Plus (Series 3) Limited


Man Investment Products launched Man IP 220 Plus (Series 3) Limited on 7 May
2001.  The Company offered two classes of bonds, one denominated in US dollars
and one denominated in Euros.  The Company's investment objective will be to
target medium term annualised growth in the range of 18-20% for the US$-Class
Bonds and 17-19% for the Euro-Class Bonds, both with targeted annualised
volatility in the range of 15-17%. The guarantee assures the return of at
least the initial investment to investors at maturity, being December 2011 for
US$ Bonds and December 2012 for Euro Bonds.



The Man IP 220 and 220 Plus family of structured products was launched in 1996
with further product launches in each subsequent year.  The next offering in
the series is planned for early autumn.





About Man Group and Man Investment Products



Man Group plc is an international financial services group whose origins date
back to 1783 and focuses on asset management and futures brokerage.  It is
quoted on the London Stock Exchange with a market capitalisation as at 29 June
2001 of £2.5 billion and employs some 1,500 staff world-wide.



Man Investment Products was established in 1983 and has successfully launched
more than 170 alternative investment products for institutions and private
investors. It is a global business with offices in Dubai, Hong Kong, London,
Chicago, Montevideo, Tokyo and Zurich.



As at 31 March 2001, funds under management totalled US$6.7 billion.  A
statement updating the current level of funds under management will be made at
the AGM, to be held on Wednesday 11 July 2001 at 11am.