Product Launch

Man Group PLC
11 January 2002



11 January 2002


               Man Group raises $590m in latest product launches


Man Group plc, the international hedge fund manager and futures broker, today
announces that its two most recent launches Man Multi-Strategy Series 3 Ltd
and OM-IP Hedge Plus Limited have together raised the equivalent of over
US$590 million of client money.



Man Multi-Strategy Series 3 Ltd raised over US$450m in its two currency
classes - Euros and US dollars, a record for this type of offering.  Series 3
was a global offering, primarily aimed at private clients, based on the
successful multi-strategy approach introduced in 2000 with the launch of Man
Multi-Strategy Guaranteed Limited. The Series 3 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
market neutral & arbitrage.



OM-IP Hedge Plus Limited was launched in Australian dollars and raised the
equivalent of over US$140m, also a record amount for the Australian markets.
Hedge Plus was a regional offering focused on private clients in Australia and
New Zealand. It provides access to a diversified portfolio that includes both
the AHL Diversified and Man-Glenwood Multi-Strategy Programmes.





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



 'The continued high level of demand for the Man Group's latest investment
offerings demonstrates the attractiveness of alternative investment products
in general and of the Group's structured product range in particular.  These
successful product launches are underpinned by the proven investment
management and risk management expertise within the Man Group as well as the
portfolio diversification benefits of a multi-strategy approach.'



The next global launch of a structured product will be Man AP Strategic Ltd,
which will be open for investment on the 11 February.





Enquiries


Man Group plc                               020 7285 3000
Peter Clarke
David Browne

Gavin Anderson                              020 7457 2345
Chris Salt
Lindsey Harrison



Notes to Editors



About the Products

OM-IP Hedge Plus Limited closed on 30 November and commenced initial
investments in December. Man Multi-Strategy Series 3 Ltd closed on 19 December
and is expected to start making initial investments from the middle of
January.



Both products target annualised performance of around 18% per annum with
controlled risk and have the potential to generate strong profits in falling
as well as rising markets and perform independently of stocks and bonds. The
products' impressive targeted risk adjusted returns are made feasible through
the provision of increased investment exposure of US$150 (Series 3) and
Australian $160 (Hedge Plus) for every $100 invested. In addition, there is
the comfort of a capital guarantee at maturity from a first class bank - Bank
of America N.A., London Branch, for Series 3 and Westpac for Hedge Plus - and
a profit lock-in feature that may raise the guarantee levels at maturity.



Man Investment Products launched Man Multi-Strategy Series 3 Limited on 5
November 2001. The issuance was offered as two classes of bonds, one
denominated in US dollars and one denominated in Euros and targets annualised
returns of 18% for an annualised volatility of 13% for both US$-Class Bonds
and Euro-Class Bonds. The guarantees assure the return of at least the initial
investment to investors at maturity, being August 2012 for the US$-Class Bonds
and February 2013 for the Euro-Class Bonds. In addition, a profit lock-in
feature allows for the 'locking-in' of a portion of net new trading profits
following periods of sustained profitability.



OM Strategic Investments Limited, a joint venture between management and Man
Group plc, launched OM-IP Hedge Plus Limited on 2 October 2001 as a regional
offering in Australia and New Zealand. The issuance was offered as shares
priced in Australian dollars with a target performance of 18% per annum. It
provides a capital guarantee at maturity in June 2011 as well as a rising
guarantee facility that increases the guarantee at maturity by an amount equal
to 50% of net trading profits (after making good any prior years' losses) each
financial year.



About Man Group plc

Man Group plc is a leading global provider of alternative investment products
as well as one of the world's largest futures brokers. The Group employs over
1,500 people in 13 countries, with key centres in London, Switzerland, New
York, Chicago, Paris and Singapore. 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. As
stated in the Interim Results released on 8 November 2001, funds under
management at 31 October 2001 were US$9.6 billion.