Guaranteed Bonds100% capital guarantee at maturity provided by Société Générale (A+ (S&P)/Aa2 (Moody’s)) (subject to the terms and conditions of the Guarantees)

Income BondsNon-capital protected with a coupon of 7% p.a.

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Guaranteed Bonds100% capital guarantee at maturity provided by Société Générale (A+ (S&P)/Aa2 (Moody’s)) (subject to the terms and conditions of the Guarantees)

Income BondsNon-capital protected with a coupon of 7% p.a.

Tranche A

Man IP 220 GLG Ltd builds on the successful IP 220 product range, which has a history of delivering solid returns since the first product was launched in 1996. It offers investors exclusive access to a combination of GLG, a leading global investment manager and AHL, a specialist in systematic trading strategies, for the first time together in one portfolio.

This blend of GLG and AHL brings together two renowned investment managers that benefit from highly diverse investment approaches, and as such demonstrate a very low correlation to each other (as shown in the chart below). Blending such strategies that perform independently of each other provides the potential to deliver strong returns across a variety of market conditions, offering an exceptional combination to bring together in a portfolio.

AHL Diversified Programme¹ vs. GLG Global Opportunity Portfolio2

1 February 1997 to 31 October 2010

AHL Diversified Programme1

GLG Global Opportunity Portfolio2

Low correlation of 0.13 to each other

Qua

rter

ly r

etur

ns

97 98 99 00 01 02 03 04 05 06 07 08 09 10-20 %

-10 %

0 %

10 %

20 %

30 %

40 %

Investment strategy

Man IP 220 GLG Ltd accesses these strategies by combining the GLG Global Opportunity Portfolio with the AHL Diversified Programme, both of which have a long history of generating returns across the full market cycle. At the target Investment Exposure of up to 160%, the investment manager will seek to provide up to 100% exposure to the AHL Diversified Programme and up to 60% exposure to the GLG Global Opportunity Portfolio. Portfolio managers will actively manage these exposures to ensure optimal positioning of the portfolio to take advantage of prevailing market conditions.

Man IP 220 GLG Ltd combines a compelling blend of AHL, a leading quantitative investment manager, with the discretionary investment talent of GLG.

Performance

The performance of the two strategies over the last 13 years is demonstrated in the graph below.

AHL Diversified Programme1 and GLG Global Opportunity Portfolio2 1 February 1997 to 31 October 2010*

Inde

x va

lue

US

D (l

og s

cale

)

AHL Diversified Programme1

GLG Global Opportunity Portfolio2

98 99 00 01 02 03 04 05 06 07 08 09 10

1000

2000

3000

4000

5000

6000

7000

World bonds

World stocks

AHL Diversified

Programme1

GLG Global Opportunity

Portfolio²

World stocks

World bonds

Total return 592.1 % 416.1 % 42.6 % 122.6 %

Annualised return 15.1 % 12.7 % 2.6 % 6.0 %

Annualised volatility 17.5 % 12.5 % 15.7 % 2.9 %

Worst drawdown -20.0 % -23.5 % -51.9 % -2.7 %

Sharpe ratio3 0.69 0.74 0.02 0.80

Man IP 220 GLG Ltd

Source: Man database and Bloomberg. World stocks: MSCI World Index hedged to USD (price return). World bonds: Citigroup World Government Bond Index hedged to USD (total return). *It is a requirement of MiFID to include performance statistics on a 12 month rolling basis. From 31 October 1997 to 31 October 2010, the AHL Diversified Programme had a total return of 527.7%, an annualised return of 15.2% and an annualised volatility of 17.5%. The Sharpe ratio for this period was 0.70. The worst drawdown remains the same. The GLG Global Opportunity Portfolio had a total return of 340.1%, an annualised return of 12.1% and an annualised volatility of 12.0%. The Sharpe ratio for this period was 0.73. The worst drawdown remains the same. Potential investors should note that alternative investments can involve significant risks and the value of an investment may go down as well as up. Latest data available at the time of production. 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. 1. The simulated past performance of the AHL Diversified Programme is represented by the actual track record of Man AHL Diversified plc from 1 February 1997 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. 2. 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). 3. Sharpe ratio is calculated using the risk-free rate in the appropriate currency over the period analysed. Where an investment has underperformed the risk-free rate, the Sharpe ratio will be negative. Because the Sharpe ratio is an absolute measure of risk-adjusted return, negative Sharpe ratios are shown as n/a, as they can be misleading.

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Source: Man database. 4. Sector allocations are subject to change. 5. Strategy allocations are indicative only and are subject to change. 6. Subject to the terms and conditions of the Guarantee. For further details, see section 4 ‘The Guarantee’ of the Offering Memorandum and appendix 1 ‘Guarantee Information’ of the Offering Memorandum. The Guarantee is subject to the Bank’s credit risk. Therefore, on an insolvency of the Bank or similar event, the Bank may be unable to meet its obligations to Bondholders under the Guarantee. 7. At 17 December 2010. Credit ratings are assigned by independent companies known as rating agencies. Companies are rated from AAA (most secure/best) to D (most risky/worst) by Standard & Poor’s. An obligor rated AAA by Standard & Poor’s has extremely strong capacity to meet its financial commitments. Please note that credit ratings are reviewed regularly. 8. It is intended that non-capital protected Income Bonds will have an annual coupon of 7% p.a. of the Face Value.

AHL Diversified Programme

The AHL Diversified Programme primarily aims to profit from price movements and take advantage of strong market trends. The strategy employs a quantitative investment approach to trading highly liquid instruments on regulated exchanges around the globe. It benefits from one of the most experienced research teams in the industry to further enhance the return potential of the programme.

The programme has a track record of over 20 years of delivering attractive returns with a low correlation to traditional asset classes.

Sector allocations of the AHL Diversified Programme4

At 31 October 2010

1

2

34

5

67

1

2

34

5

6

7

89 10 11

Allocation

1. Currencies 21.7 %

2. Stocks 16.9 %

3. Bonds 15.5 %

4. Energies 15.0 %

5. Metals 13.1 %

6. Interest rates 11.5 %

7. Agriculturals 6.4 %

GLG Global Opportunity Portfolio

The GLG Global Opportunity Portfolio is a global multi-strategy portfolio that allocates to a broad range of GLG’s discretionary strategies that are managed by highly skilled individuals.

The portfolio benefits from the expertise of a dedicated investment committee which collaborates to define portfolio recommendations across the platform of strategies. Asset allocation between the underlying strategies is determined by top-down macro economic considerations combined with views on individual sectors and strategies. The portfolio managers are then responsible for reviewing the recommendations in order to approve the final portfolio composition.

Indicative allocations of the GLG Global Opportunity Portfolio5

At 1 December 2010

1

2

34

5

67

1

2

34

5

6

7

89 10 11

Strategy Allocation

1. GLG North American Opportunity Strategy 20.0 %

2. GLG European Opportunity Strategy 14.7 %

3. GLG Alpha Select Strategy 13.7 %

4. GLG Market Neutral Strategy 11.6 %

5. GLG Emerging Markets Strategy 10.5 %

6. GLG Atlas Macro Strategy 9.5 %

7. GLG Global Mining Strategy 6.3 %

8. GLG Financials Strategy 4.2 %

9. GLG European Distressed Strategy 3.2 %

10. GLG Emerging Markets Fixed Income and Currency Strategy

3.2 %

11. GLG Emerging Markets Credit Opportunity Strategy

3.2 %

Key attributes of Man IP 220 GLG LtdExpertise

• Unparalleled access to the investment talent of GLG combined with AHL’s industry-leading systematic trading approach

Performance

• Blends two investment approaches that exhibit very low correlation to each other, offering the potential for performance across the full market cycle

• Benefits from broad exposure to a range of strategies and asset classes to identify opportunities to profit

Resilience

• The portfolio has the potential to demonstrate low correlation to traditional assets in difficult market conditions

Choice of structure

• 100% capital guarantee6 at maturity provided by Société Générale (A+ (S&P)/Aa2 (Moody’s))7

• Non-capital protected Income Bonds with a coupon of 7% p.a. (subject to sufficient trading capital available) paid out of the Net Asset Value of the Income Bonds8

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, 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: (i) speculative investment – there can be no assurance that the Company will achieve its investment objective in respect of the Bonds. The proposed investments are speculative; (ii) 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; (iii) performance – past performance is no indication of how the Bonds will perform in the future; (iv) 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; (v) interest and exchange rate risks – the investments will have exposure to foreign exchange and/or interest rate risks. These risks may but do not have to be mitigated through hedging transactions. Bondholders with a reference currency different to the denomination of the Bonds will have exposure to foreign exchange risks; (vi) 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 (vii) 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.

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Key facts of the BondsOffer Period 31 January 2011 to 21 March 2011

with the potential for extension

Investment Manager Man Investments (CH) AG – Guernsey Branch

Face Value of the Bonds USD/EUR 1 per Bond

Minimum Subscription10 USD/EUR 50,000

Minimum Redemption 20,000 Bonds

Minimum Holding 50,000 Bonds

Maturity Date of the Guaranteed Bonds

31 October 2023

Maturity Date of the Income Bonds

30 April 2016

Dealing frequency Monthly

Monthly redemptions subject to the following fees:

USD/EUR Guaranteed Bonds

Redemption on or between Redemption fee

The Issue Date and 30 April 2013 4 % of NAV per Bond

1 May 2013 and 30 April 2015 3 % of NAV per Bond

1 May 2015 and 30 April 2017 1 % of NAV per Bond

on or after 1 May 2017 no redemption fee

USD Income Bonds

Redemption on or between Redemption fee

The Issue Date and 30 April 2013 4 % of NAV per Bond

1 May 2013 and 30 April 2015 3 % of NAV per Bond

1 May 2015 and 30 April 2016 1 % of NAV per Bond

9. The Investor Services Agent, Marketing Adviser, Investment Manager and/or the relevant local Man office all retain the right to record any telephone calls made to them in relation to the investments described here. 10. Subject to the selling restrictions in appendix 2 of the Offering Memorandum.

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.

Reporting

Investors can access prices through the following media:

• www.maninvestments.com

• Financial Times and International Herald Tribune

• Bloomberg, Reuters, SIX Telekurs and Standard & Poor’s electronic data service

USD Guaranteed Bonds

EUR Guaranteed Bonds

USD Income Bonds

Common code 56082387 56084207 56086200

ISIN code XS0560823873 XS0560842071 XS0560862004

Valoren number 12078254 12078301 12078373

Man contacts9

DubaiTel +9714 3604999 Fax +9714 3604900

EuropeTel +44 (0) 20 7016 7000 Fax +44 (0) 20 7144 2004

Hong KongTel +852 2521 2933 Fax +852 2537 1205

MiamiTel +1 305 914 8900 Fax +1 305 914 8901

MontevideoTel +598 2 902 2016 Fax +598 2 903 2558

RotterdamTel +31 (0) 10 2051260 Fax +31 (0) 10 2051265

SwitzerlandTel +41 (0) 55 417 63 00 Fax +41 (0) 55 417 63 01

SingaporeTel +65 6740 6602

Global Relationship ServicesTel +41 (0) 55 417 64 60 Fax +41 (0) 55 417 64 01 E-mail relationshipservices@maninvestments.com

For more information please visit www.maninvestments.com