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Man IP 220 GLG Ltd (The ‘Company’) Information Contained Herein Is Provided from the Man Database Except Where Otherwise Stated

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Man IP 220 GLG Ltd (The ‘Company’) Information Contained Herein Is Provided from the Man Database Except Where Otherwise Stated Guaranteed Bonds Income Bonds 100% capital guarantee at maturity Non-capital protected provided by Société Générale with a coupon of 7% p.a. (A+ (S&P)/Aa2 (Moody’s)) (subject to the terms and conditions of the Guarantees) Important information regarding investing in Man IP 220 GLG Ltd (the ‘Company’) Information contained herein is provided from the Man database except where otherwise stated. Potential investors should note that investments in financial securities can involve significant risks and may result in losses. There is no guarantee of trading performance and past, projected or simulated performance is not a reliable indicator of future performance. Returns may increase or decrease as a result of currency fluctuations. The value of investments may go down as well as up, and investors may not get back their original investment. The information contained in this document is not a comprehensive representation of the information that should be considered when making an investment in the Bonds and is indicative only. Potential investors should read this document in conjunction with the Offering Memorandum dated 1 January 2011 which sets out detailed terms and conditions for the issue of the Bonds. Potential investors should ensure they understand the terms on which the Bonds are offered and obtain their own independent financial, legal and tax advice before deciding to invest. This material is not an invitation to make an investment in the Bonds, nor does it constitute an offer for sale of the Bonds. Applications for Bonds will only be considered on the terms of the Offering Memorandum and the Application Form. Capitalised terms in this document have the same meaning ascribed to them in the Offering Memorandum. This document is communicated by Man IP 220 GLG Ltd, which is not a member of the Man Group. This material is intended for investment professionals or professional clients only and must not be relied upon by any other person. Distribution of this material and the offer of the Bonds may be restricted in certain jurisdictions, and in other jurisdictions (for example, EEA member states, Hong Kong, Saudi Arabia and Singapore) the minimum subscription amount permitted may be higher than elsewhere. The attention of potential investors is specifically drawn to appendix 2 entitled ‘Selling restrictions’ and to section 6 entitled ‘Key risks’ of the Offering Memorandum which sets out some of the risks associated with acquiring and holding the Bonds. A copy of the Offering Memorandum is available free of charge from Man Investments (CH) AG – Guernsey Branch (First Floor, Suite 1, Albert House, South Esplanade, St Peter Port, Guernsey GY1 1AJ, Channel Islands) and can be downloaded at www.maninvestments.com. Additionally, it is recommended that you contact your bank, investment adviser and/or tax adviser. This material is proprietary information of the Company and its affiliates and may not be reproduced or otherwise disseminated in whole or in part without prior written consent from the Company. The Company or its affiliates may have an investment in the described investment products. Société Générale has consented to the inclusion of its name in this document in the form and context in which it appears and solely in its capacity as the provider of the Guarantees and the swap counterparty. Neither this document, nor the offering of the Bonds, nor the structure of the transaction, nor the form and substance of the disclosures herein have been issued or approved by the Bank or any other Société Générale entity (except for the paragraph ‘Société Générale’ in section 8 ‘Key parties and service providers’ of the Offering Memorandum. Accordingly, the Société Générale Group does not make any representation or warranty, express or implied, regarding the likely investment returns or the performance of the Bonds, or the suitability of the Bonds for any investor, or for the accuracy, completeness or adequacy of information contained herein or in any further information, notice or other document which may at any time be supplied in connection with the Bonds. Therefore, no liability to any party is accepted by Société Générale Group in connection with any of the above matters. Société Générale Group will only be responsible for its obligations under the Guarantee and the Swap Transactions. Société Générale Group is regulated by the Financial Services Authority (‘FSA’). This material is not suitable for US Persons. Information regarding the performance track records for the AHL Diversified Programme and the GLG Global Opportunity Portfolio AHL Diversified Programme – The simulated past performance of the AHL Diversified Programme is represented by the actual track record of Man AHL Diversified plc from 1 April 1996 to 31 July 2009 and by the actual track record of Man AHL Trend, a sub-fund of the Man Umbrella SICAV (‘Man AHL Trend’), from 1 August 2009 to 31 October 2010. Man AHL Trend has been hedged to USD using the relevant 3 month LIBOR interest rate differentials. GLG Global Opportunity Portfolio – The simulated past performance of the GLG Global Opportunity Portfolio is represented by the actual track record of Class Z of GLG Global Opportunity Fund Plc as adjusted to reflect the portfolio management fee (described in section 7 of the Offering Memorandum). There is no guarantee of trading performance and past, simulated or projected performance is not a reliable indicator of future performance. www.maninvestments.com © Man, December 10 2 Key considerations Important considerations prior to making an investment There are a number of significant risks associated with investing in the Bonds. Potential investors should carefully read section 6 ‘Key risks’ of the Offering Memorandum, which provides further important information in respect of certain risks, and consider whether they have sufficient resources to bear any losses that may result from investing in the Bonds. Potential investors should consider the following risks: speculative investment – there can be no assurance that the Company will achieve its investment objective in respect of the Bonds. The investments which the Company or the Trading Subsidiaries (as the case may be) propose to make are speculative; underlying funds – the underlying managers may employ complex trading systems/programmes or rely on analytical models to trade sophisticated financial instruments. Such trading systems/programmes and analytical models may be fallible which could result in losses; performance – there can be no assurance that information provided on past performance will be indicative of how the Bonds will perform (either in terms of profitability or low correlation with other investments) in the future; the capital guarantee – the Income Bonds are not capital protected. While the Guaranteed Bonds have the benefit of the Guarantee, the Guaranteed Amount is unlikely to have the same value as the amount initially invested, due to likely effects of inflation and the time value of money. The capital is protected at maturity only as per appendix 1 of the Offering Memorandum; interest and exchange rate risks – the Company or the Trading Subsidiaries (as the case may be) and the underlying vehicles through which the Company or the Trading Subsidiaries (as the case may be) invest will have exposure to foreign exchange and/or interest rate risks. They may but are not obligated to mitigate these risks through hedging transactions. Bondholders with a reference currency different to the denomination of the Bonds will have exposure to foreign exchange risks; counterparty risk – the Guarantee is subject to the Bank’s credit risk (A+ (S&P)/Aa2 (Moody’s)). Therefore, on an insolvency of the Bank or similar event, the Bank may be unable to meet its obligations to Bondholders under the Guarantee; and leverage – the Bonds have a target Investment Exposure of 160% of NAV, so Bondholders may be over-exposed to losses in case of adverse market conditions. Please see the Offering Memorandum issued by the Company dated 1 January 2011 for a detailed description of the risks and fees in relation to the investment. © Man, December 10 3 A tradition of innovation and performance Building on the success of Man IP 220 Man IP 220 GLG Ltd Structure and key facts Appendix Man IP 220 15 years of success in combining two complementary investment approaches Man IP 220 The first Man IP 220 product was launched in 1996 Since then over 72 products have been set up based AHL Diversified Programme on the IP 220 product structure Intended to be the principal source Through robust performance the IP 220 structure has 100 % of returns demonstrated the strength of combining two strategies with complementary risk/return profiles1 Fund of fund portfolio 60 % Designed to provide stability Best performing capital Best performing capital Best guaranteed product and diversification protected product protected FoHF over one year Investment Exposure of up to 160% Man IP 220 Limited USD Man IP 220 Series 6 Man IP 220 Ltd EU © Man, December 10 5 The awards are for information purposes only and should not be construed as an endorsement of Man, its affiliates or its funds. Please refer to the respective websites of the sponsors to these awards for more information regarding the criteria and manner in which such awards are determined. 1. Please refer to slide 6 for more information regarding performance. Man IP 220 A history of delivering solid returns with low correlation to traditional assets Actual performance of the first capital guaranteed Man IP 220 portfolio1 18 December 1996 to 31 October 2010* 6000 World World 1 Man IP 2201 ManMan IP IP 220220 stocks bonds 5000 4000 Total return 474.1 % 46.2 % 124.1 % Year-to-date 22.9 % 3.1 % 5.2 % 3000 at 31 October 2010 WorldWorld bondsbonds Annualised return 13.4 % 2.8 % 6.0 % Index value USD USD (log scale)Index value Index valueUSD (log scale) 2000 Annualised volatility 17.2 % 15.7 % 2.9 % Sharpe ratio2 0.61 0.03 0.79 WorldWorld stocksstocks Worst drawdown -20.8 % -51.9 % -2.7 % 1000 97 98 99 00 01 02 03 04 05 06 07 08 09 10 This product is closed to new investors.
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