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	Financial Highlights Business summary     Fund sales in the year of $6.7 billion, including $2.1 billion in RMF Funds under management of $26.1 billion at 31 March 2003, including $11.1 billion in RMF, which was acquired on 30 May 2002. Excluding RMF, funds under management were $15.0 billion, up 40% from last year Recurring net management fee income+ up 54% to £181.1 million Brokerage+ profits up 26% to £48.3 million, including £4.6 million from GNI, which was acquired in November 2002 Diluted underlying earnings per share†* up 33% to 60.7 pence Net performance fee income up 108% to £115.0 million Diluted earnings per share on total operations* up 33% to 75.8 pence Dividends up 25% to 23.2 pence Continued development since the year end: – Man Multi-Strategy Series 5 closed in April raising a record $725 million    of client money – Funds under management currently estimated to be $28 billion#       March 2003   March 2002   Funds under management $26.1bn   $10.7bn     £16.5bn   £7.5bn   Asset Management net management fee income+ £181.1m   £117.6m   Asset Management net performance fee income+ £115.0m   £55.2m   Brokerage+ £48.3m   £38.3m   Financial Services £344.4m   £211.1m   Sugar Australia £3.7m   £2.1m   Profit before tax, goodwill amortisation and exceptional items £348.1m   £213.2m   Goodwill amortisation and exceptional items (£51.2m ) (£20.1m ) Profit before tax £296.9m   £193.1m   Diluted earnings per share*              Underlying† 60.7p   45.7p        Total operations 75.8p   56.8p   Dividends per share 23.2p   18.6p   Post-tax return on equity 26.9%   30.7%   Equity shareholders’ funds £970.8m   £531.5m   + Before goodwill amortisation and exceptional items * A reconciliation of earnings per share is shown in note 12 to the Accounts † Underlying earnings per share represents earnings from net management fee income in Asset Management plus Brokerage net income (it therefore excludes net performance fee income in Asset Management, Sugar Australia, goodwill amortisation and exceptional items). # Excludes Westport’s funds under management of $0.6 billion, a private equity manager, which was acquired in April 2003.
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