CIBC Man IP 220 Deposit Notes, Series 2 Closes at CAD 32.5 Million

Date: Wednesday, April 16, 2008
Author: Man Investments Canada

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 CAD 32.5 million in the CIBC Man IP 220 Deposit Notes, Series 2 (the ‘Deposit Notes’). Since October 2007, this brings the total of both Series raised in the IP 220 Deposit Notes to CAD 56 million.

The Deposit Notes, Man Canada’s second offering with CIBC, are designed specifically for Canadian investors and combine exposure to the AHL Diversified Programme and the Glenwood Portfolio – two of Man’s most established investment products.  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 an 11-year track record.    

“We are very pleased with the assets raised in our second Series, considering today’s turbulent investment markets,” said Toreigh Stuart, Chief Executive Officer of Man Canada. “This is indicative of how Canadian investors are reading the message loud and clear that exposure to alternative investments can provide diversification, especially in times of stock market uncertainty.” Mr. Stuart added that the AHL Diversified Fund strategy is designed to profit from volatile markets.

This is the eighth alternative investment solution that Man Canada has introduced since its Canadian office opened in July 2006 and its second 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 in 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.  .

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.