LONDON (HedgeWorld.com)–Man Group plc* announced a capital guaranteed structured product available to investors from May 5 to June 13, 2003, consisting of strategic allocations to arbitrage, managed futures, directional, equity hedge and long/short equity investment styles.

Man AP Unison Series 1 Ltd. is the latest addition to the Man AP product line established three and a half years ago with the launch of Man-AP Stratum Ltd Previous HedgeWorld Story. Man AP Stratum has delivered returns of 74.8% since its October 1999 inception, compared to a return of -33.7% on the MSCI World Stock Index and 26.1% on the Salomon World Government Bond Index, in the same interval.

“Man AP Unison offers investors the opportunity to take advantage of a versatile product that contains an impressive array of investment styles,” said Christoph Moeller, managing director and head of global sales for the Man Group.

Man AP Unison incorporates an enhanced principal protection structure that guarantees investors the return of at least 100% of the face value of their initial investment at maturity, subject to the terms and conditions of the capital guarantees provided by WestLB AG, D

sseldorf, Germany.

The product will also have a profit lock-in feature, also offered through WestLB, which subject to trading performance has the potential of locking in a portion of net new trading profits following periods of sustained profitability.

*Man Group plc is a minority investor in HedgeWorld.

CFaille@HedgeWorld.com