CIBC Man IP 220 Deposit Notes Close at C$23.8 Million

Date: Thursday, December 20, 2007
Author: MAN Investments Canada

Toronto, Ontario – Man Investments Canada Corp. (‘Man Canada’), a division of leading global hedge funds provider Man Investments, with the Canadian Imperial Bank of Commerce (‘CIBC’), is pleased to announce that it has raised C$23.8 million in the CIBC Man IP 220 Deposit Notes, Series 1A and 1B (the ‘Deposit Notes’).

The Deposit Notes, Man Canada’s first offering with CIBC, are designed specifically for Canadian investors and combines exposure to the AHL Diversified Programme and the Glenwood Portfolio – two of Man’s most established investment strategies.  The Deposit Notes are linked to the value of a notional investment in a dedicated portfolio which is modelled upon the existing IP 220 Portfolio - a multi-manager, multi-strategy alternative investment portfolio with a 10.5-year track record.  The Deposit Notes are structured to ensure that holders will receive an amount at maturity that is not less than 100% of the original subscription price.

“We are pleased to have closed our first structured note product with one of Canada’s major banks, CIBC.  We look forward to offering more innovative alternative investment products with CIBC in the New Year,” said Toreigh Stuart, Chief Executive Officer of Man Canada.

This is the fourth alternative investment solution that Man Canada has introduced since its inception in July 2006 and its first CIBC issued product.

For further information please contact:

Armel Leslie

Walek & Associates

New York, NY 10017

Tel: +1 (212) 590-0530

Cell +1 (914) 320-7620

aleslie@walek.com

Notes to Editors

About Man Investments

Man Investments, the Asset Management division of Man Group, is a global leader in the fast growing alternative investments industry.  It provides access for private and institutional investors worldwide to hedge funds and other alternative investment strategies through a range of products and solutions designed to deliver absolute returns with a low correlation to equity and bond market benchmarks.  Man Investments has a 20-year track record in this field, supported by strong product development and structuring skills, and an extensive investor service and global distribution network.  Further information on Man Investments can be found at www.maninvestments.com.

About Man Group plc

Man Group plc is a leading global provider of alternative investment products and solutions.  The company employs 1,600 people in 13 countries, with key centres is London and Pfäffikon   (Switzerland), and offices in Chicago, Dubai, Hong Kong, Montevideo, Nassau, New York, Singapore, Sydney, Tokyo and Toronto.  Man Group plc is listed on the London Stock Exchange (EMG) and is a constituent of the FTSE 100 Index.  Further information on Man Group can be found at www.mangroupplc.com.

About CIBC

CIBC is a leading North American financial institution with more than 

11 million personal banking and business customers. CIBC offers a full 

range of products and services through its comprehensive electronic 

banking network, branches and offices across Canada, in the United 

States and around the world.