Performance of the AHL Diversified Program during the seven largest drawdowns in the Australian stock market
December 1990 to February 2009

Source Page 9 of the Prospectus
Note The Australian stock market corrections are measured by the seven largest drawdowns in the S&P/ASX 300 (Accum.) Index between December 1990 to February 2009. Performance figures are for the AHL Diversified Program and are measured as the rise or fall in price during the periods of drawdown of the S&P/ASX 300 (Accum.) Index set out in the chart above. The periods selected are exceptional and these results do not reflect typical performance. As a consequence they give no indication of likely performance. Performance figures are calculated net of all fees as at 28 February 2009. Past performance is not a reliable indicator of future performance.

The AHL Diversified Program has over 18 years history, achieving a compound annual return of 17.1%^ since inception. OMIP 2AHL seeks to provide investors with the following benefits:

Performance: aims to generate medium to long term capital growth* in both rising and falling markets.

Security: the CBA Guarantee⁺.

Diversification: low correlation with the performance of investments in stocks, property and bonds^.

Source Page 8 of the Prospectus.
Note The chart is expressed in log scale to uniformly illustrate percentage changes each month. It shows an index of the performance of the AHL Diversified Program and are the actual trading results for Athena Guaranteed Futures Limited, Man Investments’ longest running AHL capital guaranteed fund, that has been adjusted to reflect the current fee structure from December 1990 to February 2009. It is not designed to predict the future performance of the AHL Diversified Program or Man OM-IP 2AHL. Past performance is not a reliable indicator of future performance. Performance figures are calculated net of all fees as at 28 February 2009.

^ Past performance is not a reliable indicator of future performance. Performance figures are calculated net of all fees as at 28 February 2009.

* The aim to generate medium to long term capital growth is based on the past performance of the AHL Diversified Program (see Section 2 of the Prospectus). Past performance is not a reliable indicator of future performance.

+ Subject to the terms of the CBA Guarantee as described in Section 5 and set out in Appendix A of the Prospectus.

The Prospectus has been lodged with the Australian Securities & Investments Commission and the New Zealand Companies Office. Offers of Shares will be made in the Prospectus issued by Man OM-IP 2AHL Limited dated 15 April 2009. Investors wishing to acquire Shares will need to complete the Application Form attached to the Prospectus. Please also refer to the Identification Requirements document. The offer of Shares in New Zealand is made pursuant to and in accordance with Part 5 of the Securities Act 1978 and the Securities (Mutual Recognition of Securities Offerings – Australia) Regulations 2008 (New Zealand). Investors receiving the Prospectus in New Zealand should read the ‘New Zealand Shareholders: Warning Statement’ in Section 12 of the Prospectus. The minimum subscription is 5,000 Shares at A$1.00 each.

Terms capitalised and used on this website have the same meaning as in the Prospectus. This information has been prepared without taking into account anyone’s objectives, financial situation or needs so before acting on it consider its appropriateness to your circumstances. Persons considering investing in the Shares should carefully read all of the Prospectus before making an investment decision. Man OM-IP 2AHL Limited is a new company with no actual trading history. US Persons are not eligible to subscribe for Shares pursuant to the Prospectus

The Shares are not deposits or other liabilities of Commonwealth Bank of Australia or its subsidiaries and neither Commonwealth Bank of Australia, its subsidiaries, the Man Group nor the Directors guarantees the performance of the Company. Neither the Company nor the Man Group is a member of the Commonwealth Bank of Australia. Investment in the Shares is subject to investment risk, including possible delays in payment and, except as provided in the CBA Guarantee, loss of income and principal invested. Commonwealth Bank of Australia does not in any way stand behind the capital value or performance of the Shares or the investments made by the Company, except as provided in the CBA Guarantee.