Product Launch

Man Group PLC
15 April 2002



15 April 2002



Man Group raises over $280 million in latest product launch

Man Group plc, the international hedge fund manager and futures broker, today
announces that its most recent launch Man AP Strategic Series 1 Ltd has raised
the equivalent of over US$280 million of client money.

Man AP Strategic raised over US$280 million in its two currency classes - Euros
and US dollars. Man AP Strategic was a global offering, primarily aimed at
private clients, based on the successful multi-strategy approach introduced in
1999 with the launch of Man AP Stratum Limited. The defining feature of this
product family is its conservative risk-adjusted target returns. The product has
been structured to complement investors' portfolios by providing valuable
diversification away from the risks inherent in an over-concentration of capital
in traditional assets. Man AP Strategic will provide investors access to Man's
successful managed futures programme, the AHL Institutional Portfolio, as well
as complementary arbitrage and equity hedge styles implemented by a range of
carefully selected advisers.

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

'Investors continue to realise the importance of diversifying their portfolios
to minimise risk. Man Group's latest investment offering continues to attract a
high level of demand due to its potential to generate absolute returns,
independently of the future outlook for equity markets.

This is 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 2 Ltd,
which will be open for investment on the 6 May 2002.



Enquiries


Man Group plc                                               020 7285 3000

Peter Clarke

David Browne

Gavin Anderson                                              020 7554 1400

Chris Salt

Lindsey Harrison






Notes to Editors



About the Product

Man AP Strategic Series 1 Ltd closed on 28 March 2002 and is expected to start
making initial investments from the beginning of April.



The product targets annualised performance of around 14-16% per annum while
aiming to restrict volatility and has the potential to generate strong profits
in falling as well as rising markets and perform independently of stocks and
bonds. In addition, there is the comfort of a capital guarantee at maturity from
a first class bank, ABN AMRO Bank N.V., London Branch, and a profit lock-in
feature that may raise the guarantee levels at maturity.



Man Investment Products launched Man AP Strategic on 11 February 2002. The
issuance was offered as two classes of bonds, one denominated in US dollars and
one denominated in Euros and targets annualised returns of around 14-16% for an
annualised volatility of around 10-11% for both US$-Class Bonds and Euro-Class
Bonds. The guarantees assure the return of at least the initial investment to
investors at maturity on 30 June 2013. 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.



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 Pre-Close Trading Update released on 25 March 2002, funds under management
at that time were US$10.5 billion. Man Group will announce its preliminary
results for the year ended 31 March 2002 on 23 May.



                      This information is provided by RNS
            The company news service from the London Stock Exchange
     
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