Product Launch

Man Group PLC
07 January 2003



7 January 2003


Man Group raises $365m 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 4 Ltd ('Series 4') has raised the equivalent of US$365 million of client
money.



Series 4 was a global offering in two currency classes, Euros and US dollars,
and was primarily aimed at private clients. It was based on the successful
multi-strategy approach introduced in 2000 with the launch of Man Multi-Strategy
Guaranteed Limited which has achieved an annualised net return of 11.5% from
inception on 15 July 2000 to 30 November 2002. The Series 4 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. It carries a capital guarantee from the
Royal Bank of Scotland to return at least 120% of subscribers' initial
investment at maturity.


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

'Investors continue to realise the importance of diversifying their portfolios
to minimise risk. 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 Multi-Strategy Series
5 Ltd, which will be open for investment on 10 February 2003.


Enquiries

Man Group plc       020 7285 3000

Peter Clarke
David Browne


Merlin Financial    020 7606 1244

Paul Lockstone



Notes to Editors


About the Product


Man Multi-Strategy Series 4 Ltd closed on 13 December 2002 and is expected to
start making initial investments from the middle of January 2003. Series 4 will
target medium-term annualised growth of around 15% for each Class of Bond while
aiming to restrict volatility to around 10%. Series 4 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
30 November 2002, Man Multi-Strategy Guaranteed Limited had outperformed
traditional investments, producing an annualised return of 11.5% since inception
on 15 July 2000 - compared to -17.4% for world stocks and 7.0% for world bonds
over the same period.


What separates this product from the previous products in the Man Multi-Strategy
family of products is an enhanced principal protection structure - Series 4
guarantees investors a return of at least 120% of the Face Value of their
initial investment at maturity in December 2014. This enhanced level of
principal protection will take the form of Capital Guarantees provided by Royal
Bank of Scotland plc. Series 4 is also the first product in the original Man
Multi-Strategy family to include provisions for a profit lock-in feature. This
allows for the 'locking-in' of a portion of net new trading profits following
periods of sustained profitability for Series 4, potentially elevating the
guarantee levels at maturity. The operation of this feature is subject to the
discretion of the investment manager and the prior approval of the Guarantor,
The Royal Bank of Scotland plc.


The Royal Bank of Scotland plc is a leading UK-based bank with a Aa1 senior debt
rating from Moody's.



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 1,900
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.
As stated in the interim statement on 7 November 2002, funds under management at
the end of October were estimated at $23.1 billion.



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