Product Launch

Man Group PLC
02 July 2003


2 July 2003

Man Group raises record US$740 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 AP Unison Series
1 Ltd ('Man AP Unison') has raised the equivalent of over US$740 million of
client money.

Man AP Unison was a global offering in two currency classes, Euros and US
dollars, and was primarily aimed at private clients. Man AP Unison is the latest
addition to the innovative Man AP product family. This was established over
three years ago with the launch of Man-AP Stratum Ltd, which has achieved an
annualised net return of 19.9% from inception on 22 October 1999 to 31 May 2003.
The Man AP Unison portfolio will consist of strategic allocations to arbitrage,
equity hedge, long/short equities, directional and managed futures 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. Man AP
Unison also carries the additional benefit of principal protection in the form
of capital guarantees, which ensure investors the return of at least 100% of
their initial investment at maturity as well as a potential profit lock-in
feature.

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

'The record US$740 million raised for this product offering demonstrates the
continuing high level of demand for Man's investment products. This is
underpinned by our strong investment track record, attractive product design and
effective distribution network.'

The next global launch will be Man Global Strategies Diversified Ltd, which will
be open for investment on 25 August 2003. This product will target medium-term
annualised growth of around 13-15% for an annualised volatility of around 7-8%
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 AP Unison Series 1 Ltd closed on 23 June 2003 and is expected to start
making initial investments from the beginning of July. The investment objective
for Man AP Unison is to achieve consistent medium-term capital gains. It will
target annualised growth of around 14-16% for an annualised volatility of around
8-10% for both USD and EUR class bonds.

A defining feature of Man AP Unison will be its conservative risk-adjusted
target returns. It represents a new addition to Man Investments' AP family of
products, which includes Man-AP Stratum and Man AP Strategic, and will continue
the AP family's conservative investment theme. As at 31 May 2003, Man-AP Stratum
Ltd has achieved annualised growth of 19.9% for an annualised volatility of
16.1%, since its inception on 22 October 1999. In addition, Man AP Strategic
Series 1 Ltd, the first Man AP Strategic series of products, has achieved, an
annualised return of 21.9% for an annualised volatility of 13.0% since the
inception of the USD denominated bonds on 18 April 2002.

The Man AP Unison portfolio will consist of strategic allocations to arbitrage,
equity hedge, long/short equities, directional and managed futures investment
styles. Exposure to each of these styles will be obtained 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 havedistinctive risk/reward characteristics and their
performance profiles highlight complementary strengths in varying market
environments and conditions.

Although comprising the same AP family, Man AP Unison will differ from the
Man-AP Stratum and Man AP Strategic products by providing greater
diversification. The portfolio tilt is designed to reinforce Man AP Unison's
emphasis on generating robust growth across different market environments. Man
AP Unison will also enjoy the benefit of capital guarantees provided by WestLB
AG, which ensure investors the return of at least 100% of their initial
investment at maturity on 30 November 2015, as well as a potential profit
lock-in feature. WestLB AG is one of the leading providers of financial services
in Germany with total assets of more than €260 billion. As an internationally 
operating commercial bank, it maintains branches, representative offices
and subsidiaries in over 30 countries and employs approximately 8,700 people
around the world, about 3,500 of whom work outside Germany
(as at December 31, 2002).

About Man Global Strategies Diversified Ltd
Man Global Strategies Diversified Ltd ('Man Global Strategies Diversified') is
the latest product to apply the extensive knowledge and experience of the Man
Global Strategies' investment committee. Man Global Strategies Diversified aims
to generate consistent returns for a conservative level of volatility using
appropriately weighted exposures to hedge fund style portfolios. The USD and EUR
class bonds will both target annualised growth of around 13-15% for an
annualised volatility of around 7-8%.

The Man Global Strategies Diversified portfolio will consist of strategic
allocations to arbitrage, directional, equity hedge long/short equities and
managed futures which have distinct return and risk characteristics. The
portfolio will differ from earlier products by providing access to a wider range
of managers and strategies that give even greater diversification for lower
volatility, while still providing the clear advantages of principal protection,
profit lock-in and increased investment exposure.

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 2,500 people in 15 countries, with key centres in London, Pfaffikon
(Switzerland), Chicago, New York, Paris, Singapore and Sydney. Man Group plc is
listed on the London Stock Exchange (EMG.L) and is a constituent of the FTSE 100
index. Further information on the Man Group can be found at www.mangroupplc.com.




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