Man AHL Diversified plc

NAV per unit USD 88.19 Total NAV USD 988,635,806 No. units 11,209,426 Against a backdrop of the beginning of the end to QE, December proved to be a slightly volatile month for the fund, with gains in stocks, FX and credit offset by losses in rates and bonds. As 2013 drew to a close, markets traded nervously towards the last FOMC meeting of the year believing it would most likely signal start of QE tapering. In the run up to the meeting, equities sold -off on weaker news in Europe, and the S&P500 retreated from recent new highs to trade nearly 3% lower by mid-month. It is fair to say that the Fed surprised on the upside by providing a sensitive reduction in current asset purchases; the S&P500 bounced over 2.5% intraday and onwards to new highs since. European stocks had suffered a more severe early month correction; the DAX typified this by falling more than 4% through the first two weeks of the month, only to see a similar bounce back reaction following the Fed meeting s announcement. For the fund, stocks, credit and currencies were the biggest winners of the month. There was a strong continuation of trend with the euro seeing appreciation of nearly 25% year to date against the Japanese yen. Short positions in Brazilian real added significantly to the fund as the currency saw further weakness despite of overnight rates being raised for a 6th consecutive time this year. The credit contribution was also strong with generally positive economic news and the messages from the Fed encouraging a further significant tightening in spreads. European markets particularly saw little in the way of widened spreads during the early equity market sell-off. However, the reaction to the Fed news was another significant tightening of spreads, with 5 year cross-over breaking the significant 300bp barrier. In the US, the investment grade CDX credit index finally pushed lower from the psychologically significant 70 level below 65. Bonds and rates were worst hit during the month as the news from the Fed finally saw an explicit start to the cut back in QE bond purchasing. Five year treasuries were most affected with yields climbing sharply for the first time in three months; from around 130bp at the end of November to more than 167bp going into the Christmas holidays. Small longs were reduced significantly through the month to end almost flat. Performance chart March 26, 1996 to December 27, 2013 Performance statistics March 26, 1996 to December 27, 2013 Index value USD (log scale) 90 70 50 30 10 Mar-99 Mar-02 Mar-05 Mar-08 Mar-11 Man AHL Diversified plc World stocks 1 World bonds 1 Fund World stocks 1 World bonds 1 Since inception 781.9 % 207.2 % 165.2 % Monthly return -0.5 % 2.1 % -0.7 % Last 3 months 6.3 % 8.4 % 0.1 % Year to date -2.6 % 28.7 % 0.2 % Annualized return 13.0 % 6.5 % 5.6 % Standard deviation 16.9 % 14.9 % 2.9 % Sharpe ratio 0.58 0.23 0.87 Correlation -0.17 0.34 Worst drawdown -19.9 % -50.4 % -3.3 % Drawdown start Dec-29-2008 Oct-31-2007 Drawdown end n/a Feb-28-2009 Aug-31-2010 Mar-31-2011 No. of drawdowns 27 17 31 Sector allocations 2 December 2013 Performance attribution December 2013 Key market attribution 3 December 2013 IR CR ME BO AG FX EN ST 0% 10% 20% 30% 40% Attribution (%) 1.2 0.6 0.0-0.6-1.2-1.8 ST EN FX AG BO ME CR IR Highest performing markets Direction Attribution NASDAQ 100 Index Long 0.35 % Euro/Japanese Yen Long 0.34 % Wheat Short 0.33 % Lowest performing markets Direction Attribution Turkish Lira/US Dollar Long -0.25 % Eurodollar Short -0.37 % US Treasuries Long -0.54 % Long term Current ST: Stock Indices, EN: Energies, FX: Currencies, AG: Agriculturals, BO: Bonds, ME: Metals, CR: Credit, IR: Interest rates. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS 9 1/6

Distribution of monthly returns March 26, 1996 to December 27, 2013 Monthly sector contribution January 2013 to December 2013 Source: Man database ST 4 AG 5 CR 6 EN 7 BO 8 IR 9 Source: Man database FX 10 ME 11 PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS Net track record Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD 1996 4.4 % -2.5 % 0.5 % -2.1 % 0.6 % 10.6 % 8.7 % 9.8 % 3.2 % 37.1 % 1997 3.1 % 6.4 % -2.3 % -4.1 % 0.8 % 4.6 % 9.4 % -8.0 % 2.1 % 2.1 % -2.0 % 10.8 % 23.5 % 1998-2.5 % 5.8 % 1.2 % -2.8 % 4.9 % 3.9 % -0.4 % 19.9 % 0.4 % 0.0 % 2.4 % 3.8 % 41.1 % 1999-4.7 % 2.3 % -2.1 % 6.4 % -3.8 % 2.7 % -2.8 % 3.3 % 2.6 % -4.2 % 4.8 % 2.7 % 6.5 % 2000 1.1 % -0.2 % -2.5 % -4.2 % 7.0 % -5.3 % -2.2 % 3.4 % -0.6 % 4.6 % 3.8 % 14.9 % 19.9 % 2001-0.1 % 2.9 % 11.8 % -6.3 % -2.1 % 1.5 % 1.6 % 0.8 % 16.4 % 0.9 % -4.7 % -2.5 % 19.7 % 2002-3.5 % -4.7 % -2.0 % -1.9 % -0.2 % 13.0 % 5.7 % 2.5 % 8.3 % -9.6 % -4.6 % 10.4 % 11.4 % 2003 6.9 % 8.1 % -8.3 % -1.0 % 13.5 % -4.0 % -0.2 % -0.9 % 1.1 % 2.5 % -3.4 % 8.0 % 22.3 % 2004 4.5 % -1.0 % -0.9 % -4.4 % -3.4 % -4.9 % -2.0 % 1.5 % 2.8 % 7.1 % 6.4 % 0.2 % 5.1 % 2005-6.6 % 4.3 % -1.2 % -2.3 % 2.8 % 7.0 % -0.3 % 2.3 % 4.0 % 0.7 % 6.3 % -0.6 % 16.8 % 2006 3.9 % -0.8 % -2.0 % 8.8 % -3.3 % -1.1 % -5.4 % 1.1 % 1.8 % 0.2 % 0.3 % 3.4 % 6.4 % 2007 7.5 % -2.9 % -7.5 % 8.0 % 2.9 % 4.6 % -3.9 % -3.5 % 5.6 % 9.0 % 4.3 % -4.2 % 19.6 % 2008 6.1 % 2.8 % 4.5 % 1.0 % 3.2 % 1.0 % -6.1 % -3.9 % -0.5 % 15.5 % 1.3 % 5.8 % 33.2 % 2009-2.3 % 0.2 % -5.9 % -4.1 % 0.5 % -3.5 % 0.9 % -0.8 % 2.7 % -1.6 % 2.1 % -6.1 % -16.9 % 2010-2.1 % -0.9 % 5.4 % 2.0 % -1.9 % 0.8 % -2.3 % 6.8 % 1.3 % 8.4 % -8.1 % 5.7 % 14.8 % 2011-3.5 % 1.2 % -4.7 % 4.1 % -1.5 % -1.5 % -0.3 % 6.9 % 0.7 % -6.8 % 1.1 % -2.0 % -6.8 % 2012 0.3 % 2.2 % -1.6 % -1.4 % -1.7 % 2.7 % 1.1 % -2.8 % 1.2 % -3.7 % 1.0 % 1.4 % -1.6 % 2013 2.1 % 0.2 % 1.8 % 6.1 % -3.7 % -8.0 % -2.5 % -0.3 % -3.8 % 6.5 % 0.4 % -0.5 % -2.6 % 9 2/6

Key facts summary Launch date March 26, 1996 Minimum investment (USD) 30,000 Dealing frequency Weekly Investment manager AHL Partners LLP ISIN number IE0000360275 WKN Number 357956 Valor number 454220 Administrator Citibank Europe plc Reuters page MAN01 Common code 006165320 Bloomberg ticker EDFDGLI ID Valuation agent Citibank Europe plc 9 3/6

1 World stocks: MSCI World (USD, NDTR) Hedged. World bonds: Citigroup World Government Bond Index hedged to USD (Total return). These indices are not benchmarks as they are not representative of the fund's investment strategy. They should therefore be seen as comparisons of asset classes. 2 The chart shows longterm risk allocation calculated at the start of the reporting period versus the current sector risk allocations calculated at the end of the period. The current sector allocations give an indicative value of the relative risk of the positions taken within each sector at a given point in time; this number takes no account of correlations across sectors. The long-term risk allocations are designed to reflect the expected long-term risk exposure to each sector relative to the other sectors in the portfolio. The portfolio structure and constituents are regularly reviewed by the investment management team and sector allocations will change accordingly. 3 The key market attribution chart gives an indication of which markets have contributed most to the overall performance, both positively and negatively, of the markets traded. 4 Stock Indices 5 Agriculturals 6 Credit 7 Energies 8 Bonds 9 Interest rates 10 Currencies 11 Metals Source: Man database and Bloomberg. IMPORTANT DISCLOSURES This material is provided to you by Man Investments (USA) Corp, an investment advisor registered by the US Securities and Exchange Commission ( SEC ) and a Commodity Pool Operator registered with the National Futures Association ( NFA ) as authorized by the US Commodity Futures Trading Commission ( CFTC ). The material is distributed by Man Investments Inc. ("Man Investments") which is registered as a broker/dealer with the SEC and is a member of the Financial Industry Regulatory Authority ("FINRA") and the Securities Investor Protection Corporation ("SIPC"). The registrations and memberships described herein in no way imply that the SEC, CFTC, NFA, FINRA or SIPC have endorsed any of the referenced entities to provide any of the services discussed herein. Man Investments (USA) Corp and Man Investments Inc. are members of the Man Investments' division of Man Group plc. "Man Group" refers to the group of entities affiliated with Man Group plc. The Shares have not been and will not be registered under the United States Securities Act of 1933, as amended ( the 1933 Act ) or the securities laws of any of the states of the United States, nor is such registration contemplated. The Shares may not be offered, sold or delivered directly or indirectly in the United States or to or for the account or benefit of any US Person except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the 1933 Act and any applicable state laws. The Shares are being offered outside the United States pursuant to the exemption from registration under Regulation S under the 1933 Act and inside the United States in reliance on Regulation D promulgated under the 1933 Act and Section 4(2) thereof. There is no public market for the Shares and no such market is expected to develop in the future. The Shares offered hereby are subject to restrictions on transferability and resale and may not be transferred or resold except as permitted under the 1933 Act and applicable state securities laws pursuant to registration or exemption therefrom. The Fund has not been and will not be registered under the United States Investment Company Act of 1940, as amended (the 1940 Act ) pursuant to the provisions of Section 3(c)(7) of the 1940 Act, which excludes from the defi nition of investment company a privately offered fund that is organized outside the US and whose US Person security holders consists exclusively of qualifi ed purchasers, as defi ned in Section 2(a)(51) of the 1940 Act. As such, the Fund is not subject to or has the same regulatory requirements of US mutual funds. A fund may arrange or permit the private placement in the United States of a portion of the Shares under the exemption provided by Section 4(2) of the 1933 Act and Regulation D promulgated thereunder to US Persons that are accredited investors (as defined in Rule 501(a) of Regulation D under the 1933 Act) and qualified purchasers (as defined in Section 2(a)(51) of the 1940 Act), under restrictions and other circumstances designed to preclude a distribution that would otherwise require registration of the Shares under the 1933 Act, cause a fund to become subject to the registration requirements of the 1940 Act, oblige a fund or the Investment Manager to comply with requirements under the United States Commodity Exchange Act, or cause the assets of a fund to be plan assets for the purposes of the United States Employee Retirement Income Security Act of 1974, as amended ( ERISA ), including presentation by such investors, prior to the delivery to them of Shares, of subscription documentation containing specified representations and agreements. A fund will not accept any subscriptions from investors that are employee benefit plans subject to Title I of ERISA, certain tax qualified plans subject to Section 4975 of the United States Internal Revenue Code of 1986, as amended, or other entities deemed to hold assets of such plans (together, Benefit Plans ) if after such subscription the Shares of any class held by Benefit Plans would be 25 per cent or more of the total outstanding Shares of that class. If the Shares of any class held by Benefit Plans were to exceed this 25 percent limit, a fund s assets might be considered plan assets under ERISA, which could result in adverse consequences to a fund, the Investment Manager and the fiduciaries of the Benefit Plans. An investment in a fund is not suitable for all investors. Alternative investments and privately-offered investment vehicles can involve significant risks, and the value of a fund may go up and down. This information is subject to change. Before making any investment in a fund, you should thoroughly review its Memorandum with your professional adviser(s) to determine whether an investment in a fund is suitable for you in light of your investment objectives and financial situation. A fund s Memorandum contains important information concerning risk factors, including a more comprehensive description of the risks and other material aspects of the investment (including a fund s investment program and applicable fees and expenses), and should be read carefully before any decision to invest is made. You should not rely in any way on this material. An investment in a fund is not suitable for all investors. Alternative investments and privately-offered investment vehicles can involve significant risks, and the value of a fund may go up and down. This information is subject to change. Before making any investment in a fund, you should thoroughly review its Memorandum with your professional adviser(s) to determine whether an investment in a fund is suitable for you in light of your investment objectives and financial situation. A fund s Memorandum contains important information concerning risk factors, including a more comprehensive description of the risks and other material aspects of the investment (including a fund s investment program and applicable fees and expenses), and should be read carefully before any decision to invest is made. You should not rely in any way on this material. This material is being provided for information and discussion purposes only and is qualified in its entirety by the information included in the confidential offering documents (collectively, the Offering Documents ) of each private investment fund (a Fund ) described herein, and is not intended to be, nor should it be, construed or used as investment, tax or legal advice or an offer to sell, or a solicitation of an offer to buy, an interest in a Fund. Any offer or solicitation of an investment in a Fund may be made only by delivery of such Fund s Offering Documents to qualified investors. An investment in a Fund is not suitable for all investors. Alternative investments and privatelyoffered investment vehicles can involve significant risks and the value of a Fund may go up or down. Before making any investment in a Fund, you should thoroughly review the Offering Documents with your professional advisor(s) to determine whether an investment in a Fund is suitable for you in light of your investment objectives and financial situation. Each Fund s Offering Documents contain important information concerning risk factors, including a more comprehensive description of the risks and other material aspects of the investment (including a Fund s investment program and applicable fees and expenses), and should be read carefully before any decision to invest is made. You should not rely in any way on this summary. 9 4/6

Benchmarks and financial indices are shown for illustrative purposes only, may not be available for direct investment, are unmanaged, assume reinvestment of income, do not reflect the impact of any management incentive fees and have limitations when used for comparison or other purposes because they may have different volatility or other material characteristics (such as number and types of instruments). The Fund s investments are not restricted to the instruments composing any one index. Certain information is based on data provided by third-party sources and, although believed to be reliable, has not been independently verified and its accuracy or completeness cannot be guaranteed. This material is intended only for institutional investors, investment professionals, market counterparties or intermediate customers, solely for your information and may not be reproduced or otherwise disseminated in whole or in part without our prior written consent. Any statements regarding market events, future events or other similar statements constitute only subjective views, are based upon expectations or beliefs, should not be relied on, are subject to change due to a variety of factors, including fluctuating market conditions, and involve inherent risks and uncertainties, both general and specific, many of which cannot be predicted or quantified and are beyond a Fund s control. Future evidence and actual results could differ materially from those set forth in, contemplated by, or underlying these statements. In light of these risks and uncertainties, there can be no assurance that these statements are now or will prove to be accurate or complete in any way. No representation is made that a Fund s investment process or investment objectives will or are likely to be successful or achieved. Past performance is no indication or guarantee of future performance Unless otherwise indicated, performance results are net of applicable fees, expenses, presume reinvestment of income and are based on information provided by underlying managers, and all such information since the most recent annual audit is based on estimates provided by underlying managers through the investment manager's most recent mid-month survey of underlying managers and is unaudited and subject to change. No representation is made that a Fund's risk management, investment process, trading performance or investment objectives will or are likely to be achieved or successful or that any Fund or underlying investment will make any profit or will not sustain losses. The historical performance results shown are of the Man AHL Diversified plc Fund as of May 2013 and are provided for information purposes only. They are not indicative of any future performance that may be achieved by an investor in the Fund. The Man AHL Diversified plc Fund s returns are net of performance fees of 20%, management fees of 3% and an introducing broker fee of 1%. A decision to invest in the Fund should not be based solely on the returns of the Man AHL Diversified plc Fund. The types of transactions engaged in on behalf of Man AHL Diversified plc (the "Fund") involve significant risks. This is only a summary of certain risks of investing in a Fund. A Fund's confidential offering documents ("Offering Documents") contain a more exhaustive discussion of these issues and should be read in its entirety. ALTERNATIVE INVESTMENT PRODUCT RISKS AND OTHER DISCLOSURES The alternative investment products described herein are private investment funds (sometimes called hedge funds ). Private Investment funds managed by Man Investments and/or their respective affiliates (collectively, the Funds ) are unregistered private investment funds or pools that may invest and trade in many different markets, strategies and instruments (including securities, non-securities and derivatives) and are NOT subject to the same regulatory requirements as mutual funds, including mutual fund requirements to provide certain periodic and standardized pricing and valuation information to investors. There are substantial risks in investing in the Funds, which are applicable to the underlying private funds in which the Funds invest, as well as to the Funds. You should note carefully the following: - The Funds represent speculative investments and involve a high degree of risk. An investor could lose all or a substantial portion of his/her investment. Investors must have the financial ability, sophistication/experience and willingness to bear the risks of an investment in a Fund. - An investment in a Fund should be discretionary capital set aside strictly for speculative purposes. - An investment in a Fund is not suitable or desirable for all investors. Only qualified eligible investors may invest in the Funds. - The Funds' offering documents are not reviewed or approved by federal or state regulators. - The Funds may be leveraged (including highly leveraged) and a Fund's performance may be volatile. - An investment in a Fund may be illiquid and there may be significant restrictions on transferring interests in a Fund. There is no secondary market for an investor's investment in a Fund and none is expected to develop. - A Fund may have little or no operating history or performance and may use hypothetical or pro forma performance which may not reflect actual trading done by the manager or advisor and should be reviewed carefully. Investors should not place undue reliance on hypothetical or pro forma performance. - A Fund's discretionary manager or advisor has total trading authority over such Fund. - A Fund may use a single advisor or employ a single strategy, which could mean a lack of diversification and higher risk. - A Fund and its managers or advisors may rely on the trading expertise and experience of third-party managers or advisors, the identity of which may not be disclosed to investors. - A Fund may involve a complex tax structure, which should be reviewed carefully. - A Fund may involve structures or strategies that may cause delays in important tax information being sent to investors. - A Fund may trade commodity interests (directly or indirectly). The risk of loss in trading commodity interests is substantial. - A Fund may execute a substantial portion of trades on foreign exchanges, which could mean higher risk. 9 5/6

- A Fund's fees and expenses - which may be substantial regardless of any positive return - will offset such Fund's trading profits. - The Funds are not required to provide periodic pricing or valuation information to investors. - The Funds and their managers/advisors may be subject to various conflicts of interest. The above summary is not a complete list of the risks and other important disclosures involved in investing in the Funds and is subject to the more complete disclosures contained in the Funds' respective confidential offering documents, which must be reviewed carefully. Man Investments Inc., Attn.: Martin Hofstadter 452 Fifth Avenue, 27th floor New York, NY 10018 (212) 649-6677 Man Investments Inc., Member FINRA and SIPC 9 6/6