Man launch provides exposure to RMF

RMF is one of Man Investments’ core managers, having become part of the
Man Group in May 2002. RMF has developed a versatile investment model
giving it the means to create a broad spectrum of portfolios differentiated mainly
by the extent of diversification and exposure they offer to particular styles,
strategies and managers.

One of RMF’s key strengths is its ISO-certified investment process, which helps
reduce investment risk and increases the probability of delivering consistent
and repeatable outcomes.

Christoph Moeller, managing director and Head of global sales and marketing
for Man Investments, said: "We are now able to deliver to a wider investor
population access to RMF’s unique asset allocation and portfolio construction
model that until recently had been offered principally to institutional investors.”

Man RMF Multi-Style Ltd is offered in USD, EUR and CHF class bonds.  The
USD and EUR class bonds will target medium-term annualised growth of
around 13-15% for an annualised volatility of 7-9%. The CHF class bonds will
target annualised growth of around 12-14% for an annualised volatility of 6-8%
over the medium-term.

Man RMF Multi-Style Ltd is available to investors until 19 March 2004 with a
possible extension to the offer period.

The Man RMF Multi-Style Ltd portfolio will invest in five complementary hedge
fund styles  – equity hedged, event driven, global macro, managed futures, and
relative value – which comprise a range of strategies and leading managers. The
product aims to perform independently of traditional stock and bond
investments, thereby offering valuable diversification and enhancing the
risk/return profile of an investment portfolio.

Man RMF Multi-Style Ltd incorporates a principal protection structure that
guarantees investors the return of at least 100% of their initial investment at
maturity. In addition, provisions have been made to include a profit lock-in
feature which, subject to trading performance, has the potential to elevate the
level of the guarantees at maturity by locking-in a portion of net new trading
profits following periods of sustained profitability. The operation of both the
guarantees and the profit lock-in feature are subject to the terms and conditions
of the capital guarantees provided by Bank of America, N.A., London Branch.2

Bank of America, N.A., London Branch is a branch of Bank of America, N.A.,
which is a wholly owned indirect subsidiary of Bank of America Corporation (the
‘Corporation’). The Corporation is engaged in general consumer banking,
commercial banking and trust business, offering a wide range of commercial,
corporate, international, and financial market, retail and fiduciary banking
services. As at 30 September 2003, and based on regulatory accounting
principles, the Corporation had consolidated assets of USD 737 billion,
consolidated deposits of USD 411 billion and market capitalisation of USD
116.2 billion.