Product Launch

Man Group PLC
10 April 2003


Man Group plc


10 April 2003


Man Group raises record US$725 million in latest product launch

Man Group plc, the global provider of alternative investment products and
futures broker, today announces that its most recent launch Man Multi-Strategy
Series 5 Ltd ('Series 5') has raised the equivalent of US$725 million of client
money.

Series 5 was a global offering in two currency classes, Euros and US dollars,
and was primarily aimed at private clients. It is the first in the Man
Multi-Strategy product family to offer investors a choice of both capital and
income bonds.

Series 5 provides investors with access to Man's successful multi-strategy/
multi-adviser investment approach, the Man Multi-Strategy portfolio. This was
introduced in 2000 with the launch of Man Multi-Strategy Guaranteed Limited
which has achieved an annualised net return of 16.9% from inception on 15 July
2000 to 28 February 2003. The Series 5 approach provides access to multiple
investment strategies, many of which have relatively low correlation to
traditional assets representing some of the key hedge fund style groups
including securities selection (long/short), event driven, managed futures and
arbitrage. Series 5 will also enjoy the benefit of capital guarantees provided
by ABN AMRO Bank N.V., which ensure investors the return of at least 100% of
their initial investment at maturity.

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

'This offering is the latest in a long line of innovative investment solutions
and is the first Man multi-strategy/multi-adviser product to be offered in both
capital and income bonds. The record US$725 million raised for this product at a
time of global uncertainty serves to emphasize the quality of our business model
across the range of investment management, product design and distribution.'

The next global launch will be Man AP Unison Series 1 Ltd, which will be open
for investment on 5 May 2003. This product will target medium-term annualised
growth of around 14-16% for an annualised volatility of around 8-10% for both
USD and EUR class bonds.


Enquiries
Man Group plc                 020 7285 3000
Peter Clarke
David Browne

Merlin Financial              020 7606 1244
Paul Lockstone
Vanessa Maydon


Notes to Editors

About the Product
Man Multi-Strategy Series 5 Ltd closed on 31 March 2003 and is expected to start
making initial investments from the beginning of April.

Series 5 is the first in the Man Multi-Strategy product family to offer capital
('Series 5 Capital') and income ('Series 5 Income') bonds, providing investors
with the choice of how they access this innovative product structure. Both
Series 5 Capital and Series 5 Income will provide investors with efficient
access to Man's successful multi-strategy/multi-adviser investment approach, the
Man Multi-Strategy portfolio. Series 5 Capital and Series 5 Income will also
enjoy the benefit of capital guarantees provided by ABN AMRO Bank N.V., which
ensure investors the return of at least 100% of their initial investment at
maturity on 31 May 2015.

Series 5 Capital provides investors conventional access to the Man
Multi-Strategy portfolio and was offered in both EUR and USD classes. It will
target similar risk-adjusted returns to previous products in the Man
multi-strategy family (annualised returns of around 17% for an annualised
volatility of around 12%) as well as provide the benefit of capital guarantees
and a profit lock-in feature.

Series 5 Income has been structured to appeal to the more risk-conscious
investor, initially targeting annualised returns of around 14% for an annualised
volatility of around 9%. For the first four years, investors in Series 5 Income
will also receive a fixed annual coupon payment of 2%, calculated on the face
value of the bonds held on each coupon payment date, after which time it will
aim to pay a coupon up to prevailing one-year USD LIBOR rates.

Series 5 provides investors with access to a diversified portfolio of investment
strategies implemented by a number of carefully selected advisers. The ability
of the Man Multi-Strategy portfolio to generate returns and protect investors'
capital during difficult market conditions for traditional assets has been
highlighted by the performance of Man Multi-Strategy Guaranteed Limited, the
first product in the family. As at 28 February 2003, Man Multi-Strategy
Guaranteed Limited had outperformed traditional investments, producing an
annualised return of 16.9% since inception on 15 July 2000 compared to -18.9%
for world stocks and 9.9% for world bonds over the same period.

The ABN AMRO group is a global banking group offering a wide range of commercial
and investment banking products and services on a worldwide basis through its
network of approximately 3,400 branches in more than 60 countries. The ABN AMRO
group ranks 10th in Europe and 22nd in the world based on tier 1 capital and had
total assets of EUR 556 billion at 31 December 2002.


About Man AP Unison Series 1 Ltd
Man AP Unison Series 1 Ltd ('Man AP Unison') is the latest addition to the
innovative Man AP product family, which was established over three years ago
with the launch of Man-AP Stratum Ltd. The core objective of this product family
is to target conservative risk adjusted returns. Man AP Unison will be
positioned to target solid medium-term annualised returns of around 14-16% for
an annualised volatility of around 8-10% for both USD and EUR class bonds. The
product also carries the additional benefit of principal protection in the form
of capital guarantees, as well as a profit lock-in feature.

The Man AP Unison portfolio will consist of strategic allocations to arbitrage,
managed futures, directional, equity hedge and long/short equities investment
styles. It will gain exposure to these styles through allocations to portfolios
that harness the investment skills of carefully selected complementary managers.
The managers in each 'style portfolio' focus on the exploitation of particular
market inefficiencies and profit opportunities. The style portfolios have
distinctive risk/reward characteristics and their performance profiles highlight
complementary strengths in varying market environments and conditions.


About Man Group plc
Man Group plc is a leading global provider of alternative investment products
and solutions as well as one of the world's largest futures brokers. The Group
employs over 1,900 people in 15 countries, with key centres in London, Pfaffikon
(Switzerland), Chicago, New York, Paris, Singapore and Sydney. Man Group plc was
listed on the London Stock Exchange (EMG.L) in 1994 and is a constituent of the
FTSE 100 index. Further information on the Man Group can be found at
www.mangroupplc.com.


(Source: Man Database and Standard & Poor's Micropal
Past and projected performance is not necessarily a guide to future results.
World Stocks: MSCI World Stock Index (Total return)
World Bonds: Salomon Brothers World Government Bond Index (Total Return))






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