ABN AMRO Bank Announced as Guarantor for Man AP Strategic

Man Investment Products, an international alternative investment manager, announced that ABN AMRO Bank N.V., London Branch1 will undertake the role of Guarantor for the capital guarantee structure provided by its forthcoming product, Man AP Strategic Series 1 Ltd (Man AP

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Man Investment Products, an international alternative investment manager, announced that ABN AMRO Bank N.V., London Branch1 will undertake the role of Guarantor for the capital guarantee structure provided by its forthcoming product, Man AP Strategic Series 1 Ltd (Man AP Strategic), subject to relevant terms and conditions. The product opened for investment on 11 February and the offer period is scheduled to run until 22 March 2002.

The terms of the agreement mean that ABN AMRO Bank N.V., guarantees the return of all initial investment capital when the Bonds reach maturity – 30 June 2013, subject to the terms and conditions of the Guarantees. In addition, a profit lock-in feature allows for the ‘locking-in’ of a portion of net new trading profits following periods of sustained profitability for Man AP Strategic, meaning that the guarantee level may rise. The operation of this feature is subject to the discretion of the investment manager and the prior approval of the ABN AMRO Bank, N.V.

As at 31 December 2000, the Bank had consolidated assets of US$ 500 billion and net profits over US$ 3 billion, based on regulatory accounting principles. The Bank has a AA credit rating from Standard & Poors. In terms of balance sheet totals, ABN AMRO Bank N.V. is rated Europe’s eighth largest bank and the seventeenth largest bank in the world.

Man AP Strategic Series has been designed to generate medium-term annualised growth in the range of 14-16%2 per annum for both US$ and Euro-Class Bonds with target annualised volatility of around 10-11%2, placing a strong emphasis upon minimising risk. The product has been structured to complement investors’ portfolios by providing valuable diversification away from the risks inherent in an over-concentration of capital in traditional assets.

Bonds are available in Man AP Strategic Series 1 Ltd from 11 February until 22 March 2002, with a possible extension to the offer period.

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