----

| (a)   | At      March 31, 2009 and March 31, 2008 |
|-----------------|-------------------------------------------|

| (b)   | For      the years ended March 31, 2009 and2008 |
|-----------------|-------------------------------------------------|

----

| MAN-AHL      130, LLC                      |   |                                                   |                                                              |                                                                              |          |          |                                                              |                                                                                   |                                                                                                    |          |          |
|--------------------------------------------|--------|--------------------------------------------------------|-------------------------------------------------------------------|-----------------------------------------------------------------------------------|---------------|---------------|-------------------------------------------------------------------|----------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------|---------------|---------------|
|                                       |   |                                                   |                                                              |                                                                              |          |          |                                                              |                                                                                   |                                                                                                    |          |          |   |
| CONDENSED      SCHEDULES OF INVESTMENTS    |   |                                                   |                                                              |                                                                              |          |          |                                                              |                                                                                   |                                                                                                    |
| AS      OF MARCH 31, 2009 AND 2008         |   |                                                   |                                                              |                                                                              |          |          |                                                              |                                                                                   |                                                                                                    |          |
|                                       |   |                                                   |                                                              |                                                                              | 2009          |          |                                                              |                                                                                   |                                                                                                    | 2008          |          |   |
|                                       |   |                                                   |                                                              |                                                                              |          | %      of     |                                                              |                                                                                   |                                                                                                    |          | %      of     |   |
|                                       |   |                                                   |                                                              |    Fair                                                            |          | Members'      |                                                              |                                                                                   |    Fair                                                                                  |          | Members'      |   |
|                                       |   |                                                   |                                                              | Value                                                                             |          | Equity*       |                                                              |                                                                                   | Value                                                                                                   |          | Equity*       |   |
| Futures      Contracts — Long:       |   |                                                   |                                                              |                                                                              |          |          |                                                              |                                                                                   |                                                                                                    |          |
|   Agricultural                   |   |                                                   |  $       9,983            |                                                                              | 0.03          | %             |                                                              |  $            — |                                                                                                    | —       | %             |
|   Currency                       |   |                                                   |                                                              |         (1,783)                           |          | (0.01)        |                                                              |                                                                                   |       153,351                                                             |          | 0.75          |   |
|   Energy                         |   |                                                   |                                                              |         (3,569)                           |          | (0.01)        |                                                              |                                                                                   |         83,205                                                  |          | 0.41          |   |
|   Indices                        |   |                                                   |                                                              |       (23,897)                                      |          | (0.08)        |                                                              |                                                                                   |  —                                                                                           |          | —       |   |
|   Metals                         |   |                                                   |                                                              |         (6,199)                           |          | (0.02)        |                                                              |                                                                                   |  —                                                                                           |          | —       |   |
|   Non-United      States Bonds   |   |       278,519            |                                                              | 0.88                                                                              |          |          |       241,290                       |                                                                                   | 1.18                                                                                                    |          |
|   United      States Bonds       |   |                                                   |       205,649                       |                                                                              | 0.65          |          |                                                              |       189,722                                            |                                                                                                    | 0.93          |          |
|   Other                          |   |                                                   |                                                              |  —                                                                     |          |  — |                                                              |                                                                                   |           1,910                                       |          | 0.01          |   |
| Total      Futures Contracts — Long  |   |       458,703            |                                                              | 1.44                                                                              |          |          |       669,478                       |                                                                                   | 3.28                                                                                                    |          |
|                                       |   |                                                   |                                                              |                                                                              |          |          |                                                              |                                                                                   |                                                                                                    |          |          |   |
| Futures      Contracts — Short:      |   |                                                   |                                                              |                                                                              |          |          |                                                              |                                                                                   |                                                                                                    |          |
|   Agricultural                   |   |                                                   |           3,492 |                                                                              | 0.01          |          |                                                              |         39,623                                 |                                                                                                    | 0.19          |          |
|   Currency                       |   |                                                   |                                                              |       (11,841)                                      |          | (0.04)        |                                                              |                                                                                   |  —                                                                                           |          |  — |   |
|   Energy                         |   |                                                   |                                                              |         23,133                            |          | 0.07          |                                                              |                                                                                   |  —                                                                                           |          |  — |   |
|   Indices                        |   |                                                   |                                                              |       (10,774)                                      |          | (0.03)        |                                                              |                                                                                   |  —                                                                                           |          |  — |   |
|   Metals                         |   |                                                   |                                                              |       (69,852)                                      |          | (0.22)        |                                                              |                                                                                   |       (23,940)                                                            |          | (0.12)        |   |
|   Non-United      States Bonds   |   |         22,311 |                                                              | 0.07                                                                              |          |          |           5,656 |                                                                                   | 0.03                                                                                                    |          |
|   Other                          |   |                                                   |                                                              |         (1,146)                           |          | 0.00          |                                                              |                                                                                   |                  4 |          | 0.00          |   |
| Total      Futures Contracts — Short |   |       (44,677)           |                                                              | (0.14)                                                                            |          |          |         21,343            |                                                                                   | 0.10                                                                                                    |          |
|                                       |   |                                                   |                                                              |                                                                              |          |          |                                                              |                                                                                   |                                                                                                    |          |          |   |
| Forward      Contracts — Long:       |   |                                                   |                                                              |                                                                              |          |          |                                                              |                                                                                   |                                                                                                    |          |
|   Australian      Dollar         |   |                                                   |         16,727            |                                                                              | 0.05          |          |                                                              |       (13,044)                                           |                                                                                                    | (0.06)        |          |
|   Brazilian      Real            |   |                                                   |  —                                                     |                                                                              |  — |          |                                                              |       (26,632)                                           |                                                                                                    | (0.13)        |          |
|   British      Pound             |   |                                                   |       (13,057)                      |                                                                              | (0.04)        |          |                                                              |       (22,509)                                           |                                                                                                    | (0.11)        |          |
|   Canadian      Dollar           |   |                                                   |         (4,149)           |                                                                              | (0.01)        |          |                                                              |       (14,614)                                           |                                                                                                    | (0.07)        |          |
|   Czech      Koruna              |   |                                                   |  —                                                     |                                                                              |  — |          |                                                              |           8,545                      |                                                                                                    | 0.04          |          |
|   European      Euro             |   |                                                   |       (43,920)                      |                                                                              | (0.14)        |          |                                                              |         29,520                                 |                                                                                                    | 0.14          |          |
|   Indian      Rupee              |   |                                                   |           1,660 |                                                                              | 0.01          |          |                                                              |  —                                                                          |                                                                                                    |  — |          |
|   Japanese      Yen              |   |                                                   |     (116,591)                                 |                                                                              | (0.37)        |          |                                                              |  —                                                                          |                                                                                                    |  — |          |
|   Mexican      Peso              |   |                                                   |           6,522 |                                                                              | 0.02          |          |                                                              |         11,766                                 |                                                                                                    | 0.06          |          |
|   Norwegian      Krone           |   |                                                   |         (7,086)           |                                                                              | (0.02)        |          |                                                              |  —                                                                          |                                                                                                    |  — |          |
|   New      Zealand Dollar        |   |                                                   |         20,491            |                                                                              | 0.06          |          |                                                              |       (16,287)                                           |                                                                                                    | (0.08)        |          |
|   Polish      Zloty              |   |                                                   |  —                                                     |                                                                              |  — |          |                                                              |         14,210                                 |                                                                                                    | 0.07          |          |
|   Singapore      Dollar          |   |                                                   |           1,889 |                                                                              | 0.01          |          |                                                              |           6,843                      |                                                                                                    | 0.04          |          |
|   South      African Rand        |   |                                                   |         19,951            |                                                                              | 0.06          |          |                                                              |  —                                                                          |                                                                                                    |  — |          |
|   South      Korean Won          |   |                                                   |           6,292 |                                                                              | 0.02          |          |                                                              |  —                                                                          |                                                                                                    |  — |          |
|   Swiss      Franc               |   |                                                   |         54,949            |                                                                              | 0.17          |          |                                                              |         96,697                                 |                                                                                                    | 0.47          |          |
|   Turkish      New Lira          |   |                                                   |           1,925 |                                                                              | 0.01          |          |                                                              |  —                                                                          |                                                                                                    |  — |          |
|   Other                          |   |                                                   |                                                              |              589 |          | 0.00          |                                                              |                                                                                   |         (4,074)                                                 |          | (0.02)        |   |
| Total      Forward Contracts — Long  |   |       (53,808)           |                                                              | (0.17)                                                                            |          |          |         70,421            |                                                                                   | 0.35                                                                                                    |          |

----

| MAN-AHL      130, LLC                      |                        |                                              |                                                        |                                                                              |   |                                              |                                                        |                                                        |                                                                              |          |      |
|--------------------------------------------|-----------------------------|---------------------------------------------------|-------------------------------------------------------------|-----------------------------------------------------------------------------------|--------|---------------------------------------------------|-------------------------------------------------------------|-------------------------------------------------------------|-----------------------------------------------------------------------------------|---------------|-----------|
|                                       |                        |                                              |                                                        |                                                                              |   |                                              |                                                        |                                                        |                                                                              |          |      |   |
| CONDENSED      SCHEDULES OF INVESTMENTS    |                        |                                              |                                                        |                                                                              |   |                                              |                                                        |                                                        |                                                                              |
| AS      OF MARCH 31, 2009 AND 2008         |                        |                                              |                                                        |                                                                              |   |                                              |                                                        |                                                        |                                                                              |          |
|                                       |                        |                                              |                                                        |                                                                              | 2009   |                                              |                                                        |                                                        |                                                                              | 2008          |      |   |
|                                       |                        |                                              |                                                        |                                                                              |   | %      of                                         |                                                        |                                                        |                                                                              |          | %      of |   |
|                                       |                        |                                              |                                                        |    Fair                                                            |   | Members'                                          |                                                        |                                                        |    Fair                                                            |          | Members'  |   |
|                                       |                        |                                              |                                                        | Value                                                                             |   | Equity*                                           |                                                        |                                                        | Value                                                                             |          | Equity*   |   |
| Forward      Contracts — Short:      |                        |                                              |                                                        |                                                                              |   |                                              |                                                        |                                                        |                                                                              |          |
|   Australian      Dollar         |                        |                                              |  $    (7,729)                      |                                                                              | (0.02) | %                                                 |                                                        |  $      7,881            |                                                                              | 0.04          | %         |
|   Brazilian      Real            |                        |                                              |      (10,403)                      |                                                                              | (0.03) |                                              |                                                        |        16,317            |                                                                              | 0.08          |      |
|   British      Pound             |                        |                                              |      (44,547)                      |                                                                              | (0.14) |                                              |                                                        |          6,742 |                                                                              | 0.03          |      |
|   Canadian      Dollar           |                        |                                              |        (2,088)           |                                                                              | (0.01) |                                              |                                                        |          7,362 |                                                                              | 0.04          |      |
|   Chilean      Peso              |                        |                                              |        (2,199)           |                                                                              | (0.01) |                                              |                                                        |  —                                               |                                                                              |  — |      |
|   Czech      Koruna              |                        |                                              |          4,457 |                                                                              | 0.01   |                                              |                                                        |  —                                               |                                                                              |  — |      |
|   European      Euro             |                        |                                              |    (136,536)                                 |                                                                              | (0.43) |                                              |                                                        |  —                                               |                                                                              |  — |      |
|   Hungarian      Forint          |                        |                                              |        (2,336)           |                                                                              | (0.01) |                                              |                                                        |  —                                               |                                                                              |  — |      |
|   Indian      Rupee              |                        |                                              |        (7,370)           |                                                                              | (0.02) |                                              |                                                        |  —                                               |                                                                              |  — |      |
|   Japanese      Yen              |                        |                                              |        71,326            |                                                                              | 0.22   |                                              |                                                        |  —                                               |                                                                              |  — |      |
|   Mexican      Peso              |                        |                                              |        (4,844)           |                                                                              | (0.01) |                                              |                                                        |        (7,515)           |                                                                              | (0.04)        |      |
|   New      Taiwan Dollar         |                        |        (5,729) |                                                        | (0.02)                                                                            |   |                                              |  —                                               |                                                        |  —                                                                     |          |
|   New      Zealand Dollar        |                        |      (53,993)            |                                                        | (0.17)                                                                            |   |                                              |          7,537 |                                                        | 0.04                                                                              |          |
|   Norwegian      Krone           |                        |      (10,532)            |                                                        | (0.03)                                                                            |   |                                              |          1,129 |                                                        | 0.01                                                                              |          |
|   Polish      Zloty              |                        |                                              |      (20,512)                      |                                                                              | (0.06) |                                              |                                                        |        (5,954)           |                                                                              | (0.03)        |      |
|   Russian      Ruble             |                        |                                              |        (4,376)           |                                                                              | (0.01) |                                              |                                                        |  —                                               |                                                                              |  — |      |
|   Singapore      Dollar          |                        |                                              |        (9,955)           |                                                                              | (0.03) |                                              |                                                        |        (4,912)           |                                                                              | (0.03)        |      |
|   South      African Rand        |                        |      (44,075)            |                                                        | (0.14)                                                                            |   |                                              |          3,286 |                                                        | 0.02                                                                              |          |
|   South      Korean Won          |                        |        (7,088) |                                                        | (0.02)                                                                            |   |                                              |  —                                               |                                                        |  —                                                                     |          |
|   Swiss      Franc               |                        |                                              |      (43,568)                      |                                                                              | (0.14) |                                              |                                                        |      (33,909)                      |                                                                              | (0.17)        |      |
|   Turkish      New Lira          |                        |                                              |      (11,054)                      |                                                                              | (0.03) |                                              |                                                        |  —                                               |                                                                              |  — |      |
|   Other                          |                        |                                              |                                                        |              985 |   | 0.00                                              |                                                        |                                                        |              591 |          | 0.00      |   |
| Total      Forward Contracts — Short |    (352,166) |                                              | (1.10)                                                      |                                                                              |   |        (1,445) |                                                        | (0.01)                                                      |                                                                              |
|                                       |                        |                                              |                                                        |                                                                              |   |                                              |                                                        |                                                        |                                                                              |          |      |   |
| Net      unrealized trading gains          |                        |                                              |                                                        |                                                                              |   |                                              |                                                        |                                                        |                                                                              |
| on      open derivative contracts          |                        |  $      8,052  |                                                        | 0.03                                                                              | %      |                                              |  $  759,797                                  |                                                        | 3.72                                                                              | %             |
|                                       |                        |                                              |                                                        |                                                                              |   |                                              |                                                        |                                                        |                                                                              |          |      |   |

----

| MAN-AHL      130, LLC                                                                  |   |                |                            |   |                |   |
|----------------------------------------------------------------------------------------|--------|---------------------|---------------------------------|--------|---------------------|--------|
|                                                                                   |   |                |                            |   |                |   |
| STATEMENTS      OF FINANCIAL CONDITION                                                 |   |                |                            |   |                |   |
|                                                                                   |   |                |                            |   |                |   |
|                                                                                   |   | March      31, 2009 |                            |   | March      31, 2008 |   |
|                                                                                   |   |                |                            |   |                |   |
| ASSETS:                                                                                |   |                |                            |   |                |   |
|                                                                                   |   |                |                            |   |                |   |
| Equity      in commodity futures trading accounts:                                     |   |                |                            |   |                |   |
| Net      unrealized trading gains on open   derivatives      contracts  |   | $                   | 414,026                         |   |                | $      | 759,797 |   |
|    Due      from broker                                                 |   |                | 2,645,663                       |   |                |   | 944,647 |   |
|                                                                                   |   |                |                            |   |                |   |   |   |
| Investment      in Man-Glenwood Lexington, LLC,                                        |   |                |                            |   |                |   |   |   |
|    at      fair value (cost $6,490,273 and $5,839,245, respectively)    |   |                | 5,691,325                       |   |                |   | 5,701,675 |   |
| Investment      in Man-Glenwood Lexington TEI, LLC,                                    |   |                |                            |   |                |   |   |   |
|    at      fair value (cost $4,837,500 and $0, respectively)            |   |                | 4,455,049                       |   |                |   | — |   |
| Cash      and cash equivalents                                                         |   |                | 19,860,608                      |   |                |   | 13,883,114 |   |
| Advance      subscription to Man-Glenwood Lexington, LLC                               |   |                |     — |   |                |   | 238,357 |   |
| Redemption      receivable from Man-Glenwood Lexington, LLC                            |   |                | 101,560                         |   |                |   | 160,000 |   |
| Expense      reimbursement receivable                                                  |   |                | 240,424                         |   |                |   | 114,090 |   |
| Interest      receivable                                                               |   |                | 171                             |   |                |   | 5,773 |   |
|                                                                                   |   |                |                            |   |                |   |   |   |
| TOTAL                                                                                  |   | $                   | 33,408,826                      |   |                | $      | 21,807,453 |   |
|                                                                                   |   |                |                            |   |                |   |   |   |
| LIABILITIES      & MEMBERS' EQUITY:                                                |   |                |                            |   |                |   |   |   |
|                                                                                   |   |                |                            |   |                |   |   |   |
| Equity      in forwards trading accounts:                                              |   |                |                            |   |                |   |   |   |
| Net      unrealized trading losses on open   derivatives      contracts |   | $                   | 405,974                         |   |                | $      | — |   |
| Subscriptions      received in advance                                                 |   |                | 744,666                         |   |                |   | 290,416 |   |
| Redemption      payable                                                                |   |                | 156,281                         |   |                |   | — |   |
| Management      fees payable                                                           |   |                | 115,512                         |   |                |   | 136,793 |   |
| Client      servicing fees payable                                                     |   |                | 22,960                          |   |                |   | 1,044 |   |
| Incentive      fees payable                                                            |   |                | —                         |   |                |   | 598,100 |   |
| Brokerage      commission payable                                                      |   |                | —                         |   |                |   | 98,588 |   |
| Accrued      professional fees payable                                                 |   |                | 89,875                          |   |                |   | 173,409 |   |
| Accrued      administrative fees payable                                               |   |                | 62,500                          |   |                |   | 98,871 |   |
| Other      liabilities                                                                 |   |                | 2,803                           |   |                |   | 1,600 |   |
|                                                                                   |   |                |                            |   |                |   |   |   |
| Total      liabilities                                                                 |   |                | 1,600,571                       |   |                |   | 1,398,821 |   |
|                                                                                   |   |                |                            |   |                |   |   |   |
| MEMBERS'      EQUITY:                                                                  |   |                |                            |   |                |   |   |   |
|                                                                                   |   |                |                            |   |                |   |   |   |
| Class      A Series 1 Members                                                          |   |                |                            |   |                |   |   |   |
| (6,099.598      and 2,647.132 units outstanding, respectively)                         |   |                | 802,089                         |   |                |   | 348,997 |   |
|                                                                                   |   |                |                            |   |                |   |   |   |
| Class      A Series 2 Members                                                          |   |                |                            |   |                |   |   |   |
| (126,703.991      and 150,751.032 units outstanding, respectively)                     |   |                | 17,027,572                      |   |                |   | 20,059,635 |   |
|                                                                                   |   |                |                            |   |                |   |   |   |
| Class      B Series 1 Members                                                          |   |                |                            |   |                |   |   |   |
| (48,348.641      and 0 units outstanding, respectively)                                |   |                | 6,379,233                       |   |                |   | — |   |
|                                                                                   |   |                |                            |   |                |   |   |   |
| Class      B Series 2 Members                                                          |   |                |                            |   |                |   |   |   |
| (56,356.575      and 0 units outstanding, respectively)                                |   |                | 7,599,361                       |   |                |   | — |   |
|                                                                                   |   |                |                            |   |                |   |   |   |
| Total      Members' equity                                                             |   |                | 31,808,255                      |   |                |   | 20,408,632 |   |
|                                                                                   |   |                |                            |   |                |   |   |   |
| TOTAL                                                                                  |   | $                   | 33,408,826                      |   |                | $      | 21,807,453 |   |
|                                                                                   |   |                |                            |   |                |   |   |   |
| NET      ASSET VALUE PER UNIT OUTSTANDING - CLASS A SERIES 1MEMBERS                    |   | $                   | 131.50                          |   |                | $      | 131.84 |   |
|                                                                                   |   |                |                            |   |                |   |   |   |
| NET      ASSET VALUE PER UNIT OUTSTANDING - CLASS A SERIES 2MEMBERS                    |   | $                   | 134.39                          |   |                | $      | 133.07 |   |
|                                                                                   |   |                |                            |   |                |   |   |   |
| NET      ASSET VALUE PER UNIT OUTSTANDING - CLASS B SERIES 1MEMBERS                    |   | $                   | 131.94                          |   |                | $      | — |   |
|                                                                                   |   |                |                            |   |                |   |   |   |
| NET      ASSET VALUE PER UNIT OUTSTANDING - CLASS B SERIES 2MEMBERS                    |   | $                   | 134.84                          |   |                | $      | — |   |
|                                                                                   |   |                |                            |   |                |   |   |   |
| See      notes to financial statements.                                                |   |                |                            |   |                |   |   |   |

----

|        MAN-AHL      130, LLC                                                                                                                                                                          |                                                                                                                                                                                                                                            |   |                                                                                                                                                                                                                                                                                   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| STATEMENTS      OF OPERATIONS                                                                                                                                                                              |                                                                                                                                                                                                                                            |   |                                                                                                                                                                                                                                                                                   |
|                                                                                                                                                                                                       | For      the year ended                                                                                                                                                                                                                         |   | For      the year ended                                                                                                                                                                                                                                                                |
|                                                                                                                                                                                                       | March      31, 2009                                                                                                                                                                                                                             |   | March      31, 2008                                                                                                                                                                                                                                                                    |
|                                                                                                                                                                                                       |                                                                                                                                                                                                                                            |   |                                                                                                                                                                                                                                                                                   |
| INVESTMENT      INCOME:                                                                                                                                                                                    |                                                                                                                                                                                                                                            |   |                                                                                                                                                                                                                                                                                   |
| Interest      income                                                                                                                                                                                       |  $                                282,870                                  |   |  $                                398,431                                                                         |
|                                                                                                                                                                                                       |                                                                                                                                                                                                                                            |   |                                                                                                                                                                                                                                                                                   |
|                                                                                                                                                                                                       |                                                                                                                                                                                                                                            |   |                                                                                                                                                                                                                                                                                   |
| EXPENSES:                                                                                                                                                                                                  |                                                                                                                                                                                                                                            |   |                                                                                                                                                                                                                                                                                   |
| Management      fees                                                                                                                                                                                       |                                    851,887                       |   |                                    485,023                                                              |
| Incentive      fees                                                                                                                                                                                        |                                 1,156,176                                       |   |                                 1,249,061                                                                              |
| Client      servicing fees                                                                                                                                                                                 |                                      63,873            |   |                                        2,088                                        |
| Brokerage      commissions                                                                                                                                                                                 |                                        4,466 |   |                                    244,051                                                              |
| Professional      fees                                                                                                                                                                                     |                                    418,749                       |   |                                    355,000                                                              |
| Administrative      fees                                                                                                                                                                                   |                                    150,000                       |   |                                    173,871                                                              |
| Other                                                                                                                                                                                                      |                                      98,859            |   |                                      10,369                                                   |
|                                                                                                                                                                                                       |                                                                                                                                                                                                                                            |   |                                                                                                                                                                                                                                                                                   |
| TOTAL      EXPENSES                                                                                                                                                                                        |                                 2,744,010                                       |   |                                 2,519,463                                                                              |
|                                                                                                                                                                                                       |                                                                                                                                                                                                                                            |   |                                                                                                                                                                                                                                                                                   |
| Less      reimbursed expenses                                                                                                                                                                              |                                   (510,604)                           |   |                                   (447,815)                                                                  |
|                                                                                                                                                                                                       |                                                                                                                                                                                                                                            |   |                                                                                                                                                                                                                                                                                   |
| Net      expenses                                                                                                                                                                                          |                                 2,233,406                                       |   |                                 2,071,648                                                                              |
|                                                                                                                                                                                                       |                                                                                                                                                                                                                                            |   |                                                                                                                                                                                                                                                                                   |
| NET      INVESTMENT LOSS                                                                                                                                                                                   |                                (1,950,536)                                           |   |                                (1,673,217)                                                                                  |
|                                                                                                                                                                                                       |                                                                                                                                                                                                                                            |   |                                                                                                                                                                                                                                                                                   |
|                                                                                                                                                                                                       |                                                                                                                                                                                                                                            |   |                                                                                                                                                                                                                                                                                   |
| NET      REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS      AND FOREIGN CURRENCY:                                                                                                                  |
|                                                                                                                                                                                                       |                                                                                                                                                                                                                                            |   |                                                                                                                                                                                                                                                                                   |
| Net      realized trading gains on closed   derivatives      contracts and foreign currency   transactions                                                                   |                                 4,886,455                                       |   |                                 6,064,135                                                                              |
| Net      change in unrealized trading gains (losses) on open   derivatives      contracts and translation of assets   and      liabilities denominated in foreign currencies |                                   (751,745)                           |   |                                    759,797                                                              |
| Net      realized losses on investment in   Man-Glenwood      Lexington, LLC                                                                                                                |                                   (236,769)                           |   |                                       (4,513)                                            |
| Net      change in unrealized depreciation on   investment      in Man-Glenwood Lexington, LLC                                                                                              |                                   (661,378)                           |   |                                   (137,570)                                                                  |
| Net      change in unrealized depreciation on   investment      in Man-Glenwood Lexington TEI, LLC                                                                                          |                                   (382,451)                           |   |  —                                                                                                                                                                                                                                                                          |
|                                                                                                                                                                                                       |                                                                                                                                                                                                                                            |   |                                                                                                                                                                                                                                                                                   |
| NET      REALIZED AND UNREALIZED GAINS (LOSSES) ON      INVESTMENTS AND FOREIGN CURRENCY                                                                                                                   |                                 2,854,112                                       |   |                                 6,681,849                                                                              |
|                                                                                                                                                                                                       |                                                                                                                                                                                                                                            |   |                                                                                                                                                                                                                                                                                   |
| Net      income                                                                                                                                                                                            |  $                                903,576                                  |   |  $                             5,008,632                                                                                         |
|                                                                                                                                                                                                       |                                                                                                                                                                                                                                            |   |                                                                                                                                                                                                                                                                                   |
| Net      income per unit outstanding - Class A Series 1                                                                                                                                                    |  $                                      1.20 |   |  $                                    35.13                                                   |
|                                                                                                                                                                                                       |                                                                                                                                                                                                                                            |   |                                                                                                                                                                                                                                                                                   |
| Net      income per unit outstanding - Class A Series 2                                                                                                                                                    |  $                                      3.87 |   |  $                                    33.05                                                   |
|                                                                                                                                                                                                       |                                                                                                                                                                                                                                            |   |                                                                                                                                                                                                                                                                                   |
| Net      income per unit outstanding - Class B Series 1                                                                                                                                                    |  $                                      4.56 |   | $                                             — |
|                                                                                                                                                                                                       |                                                                                                                                                                                                                                            |   |                                                                                                                                                                                                                                                                                   |
| Net      income per unit outstanding - Class B Series 2                                                                                                                                                    |  $                                      4.17 |   | $                                             — |
|                                                                                                                                                                                                       |                                                                                                                                                                                                                                            |   |                                                                                                                                                                                                                                                                                   |
| See      notes to financial statements.                                                                                                                                                                    |                                                                                                                                                                                                                                            |   |                                                                                                                                                                                                                                                                                   |

----

----

----

|                                                                       |   |                       |    |   |                            |   |      |                             |   |   |                             |   |   |   |        |   |   |   |      |   |   |   |       |   |   |   |      |   |   |   |
|----------------------------------------------------------------------------|--------|----------------------------|---------|--------|---------------------------------|--------|-----------|----------------------------------|--------|--------|----------------------------------|--------|--------|--------|-------------|--------|--------|--------|-----------|--------|--------|--------|------------|--------|--------|--------|-----------|--------|--------|--------|
|                                                                       |   | CLASS      A SERIES      1 |    |   | CLASS      A SERIES      2 |   |      | CLASS      B SERIES      1* |   |   | CLASS      B SERIES      2* |   |   | TOTAL  |        |
|                                                                       |   |                       |    |   |                            |   |      |                             |   |   |                             |   |   |   |        |   |   |   |      |   |   |   |       |   |   |   |      |   |   |   |
|                                                                       |   | Amount                     |    |   | Units                           |   |      | Amount                           |   |   | Units                            |   |   | Amount |        |   | Units  |   |      | Amount |   |   | Units      |   |   | Amount |      |   | Units  |   |
|                                                                       |   |                       |    |   |                            |   |      |                             |   |   |                             |   |   |   |        |   |   |   |      |   |   |   |       |   |   |   |      |   |   |   |
| Members'      equity at April 1, 2008                                      |   | $                          | 348,997 |   |                            |   | 2,647.132 |                             |   | $      | 20,059,635                       |   |   |   | 150,751.032 |   |   | $      | —   |   |   |   | —    |   |   | $      | —   |   |   |   | — |   |   | $ | 20,408,632 |   |   |   | 153,398.164 |   |
|                                                                       |   |                       |    |   |                            |   |      |                             |   |   |                             |   |   |   |        |   |   |   |      |   |   |   |       |   |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Subscriptions                                                              |   |                       | 510,400 |   |                            |   | 3,920.343 |                             |   |   | 1,230,416                        |   |   |   | 9,550.477   |   |   |   | 6,269,230 |   |   |   | 48,652.040 |   |   |   | 7,648,318 |   |   |   | 58,076.647 |   |   |   | 15,658,364 |   |   |   | 120,199.507 |   |
|                                                                       |   |                       |    |   |                            |   |      |                             |   |   |                             |   |   |   |        |   |   |   |      |   |   |   |       |   |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Redemptions                                                                |   |                       | (63,818 | )      |                            |   | (467.877  | )                                |   |   | (4,838,643                       | )      |   |   | (33,597.518 | )      |   |   | (40,030   | )      |   |   | (303.399   | )      |   |   | (219,826  | )      |   |   | (1,720.072 | ) |   |   | (5,162,317 | ) |   |   | (36,088.866 | ) |
|                                                                       |   |                       |    |   |                            |   |      |                             |   |   |                             |   |   |   |        |   |   |   |      |   |   |   |       |   |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      income                                                            |   |                       | 6,510   |   |                            |   | —   |                             |   |   | 576,164                          |   |   |   | —     |   |   |   | 150,033   |   |   |   | —    |   |   |   | 170,869   |   |   |   | — |   |   |   | 903,576 |   |   |   | — |   |
|                                                                       |   |                       |    |   |                            |   |      |                             |   |   |                             |   |   |   |        |   |   |   |      |   |   |   |       |   |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Members'      equity at March 31, 2009                                     |   | $                          | 802,089 |   |                            |   | 6,099.598 |                             |   | $      | 17,027,572                       |   |   |   | 126,703.991 |   |   | $      | 6,379,233 |   |   |   | 48,348.641 |   |   | $      | 7,599,361 |   |   |   | 56,356.575 |   |   | $ | 31,808,255 |   |   |   | 237,508.805 |   |
|                                                                       |   |                       |    |   |                            |   |      |                             |   |   |                             |   |   |   |        |   |   |   |      |   |   |   |       |   |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| NET      ASSET VALUE PER UNIT OUTSTANDING  ATMARCH      31, 2009 |   | $                          | 131.50  |   |                            |   |      |                             |   | $      | 134.39                           |   |   |   |        |   |   | $      | 131.94    |   |   |   |       |   |   | $      | 134.84    |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

----

|                                                                       |   |                              |    |   |                         |   |      |                            |   |   |                            |   |   |   |        |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |       |   |   |   |        |   |
|----------------------------------------------------------------------------|--------|-----------------------------------|---------|--------|------------------------------|--------|-----------|---------------------------------|--------|--------|---------------------------------|--------|--------|--------|-------------|--------|--------|--------|---------|--------|--------|--------|---------|--------|--------|--------|---------|--------|--------|--------|---------|--------|--------|--------|------------|--------|--------|--------|-------------|--------|
|                                                                       |   | CLASS      A SERIES      1** |    |   | CLASS      A      SERIES 2** |   |      | CLASS      B SERIES      1 |   |   | CLASS      B SERIES      2 |   |   | TOTAL  |        |
|                                                                       |   |                              |    |   |                         |   |      |                            |   |   |                            |   |   |   |        |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |       |   |   |   |        |   |
|                                                                       |   | Amount                            |    |   | Units                        |   |      | Amount                          |   |   | Units                           |   |   | Amount |        |   | Units  |   |    | Amount |   |   | Units   |   |   | Amount |    |   | Units  |   |
|                                                                       |   |                              |    |   |                         |   |      |                            |   |   |                            |   |   |   |        |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |       |   |   |   |        |   |
| Member's      equity at April 1, 2007                                      |   | $                                 | — |   |                         |   | —   |                            |   | $      | 10,000                          |   |   |   | —     |   |   | $      | — |   |   |   | — |   |   | $      | — |   |   |   | — |   |   | $      | 10,000     |   |   |   | —     |   |
|                                                                       |   |                              |    |   |                         |   |      |                            |   |   |                            |   |   |   |        |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |       |   |   |   |        |   |
| Subscriptions                                                              |   |                              | 300,000 |   |                         |   | 2,647.132 |                            |   |   | 15,090,000                      |   |   |   | 150,751.032 |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 15,390,000 |   |   |   | 153,398.164 |   |
|                                                                       |   |                              |    |   |                         |   |      |                            |   |   |                            |   |   |   |        |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |       |   |   |   |        |   |
| Redemptions                                                                |   |                              | — |   |                         |   | —   |                            |   |   | —                         |   |   |   | —     |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | —    |   |   |   | —     |   |
|                                                                       |   |                              |    |   |                         |   |      |                            |   |   |                            |   |   |   |        |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |       |   |   |   |        |   |
| Net      income                                                            |   |                              | 48,997  |   |                         |   | —   |                            |   |   | 4,959,635                       |   |   |   | —     |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 5,008,632  |   |   |   | —     |   |
|                                                                       |   |                              |    |   |                         |   |      |                            |   |   |                            |   |   |   |        |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |       |   |   |   |        |   |
| Members'      equity at March 31, 2008                                     |   | $                                 | 348,997 |   |                         |   | 2,647.132 |                            |   | $      | 20,059,635                      |   |   |   | 150,751.032 |   |   | $      | — |   |   |   | — |   |   | $      | — |   |   |   | — |   |   | $      | 20,408,632 |   |   |   | 153,398.164 |   |
|                                                                       |   |                              |    |   |                         |   |      |                            |   |   |                            |   |   |   |        |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |       |   |   |   |        |   |
| NET      ASSET VALUE PER UNIT OUTSTANDING  ATMARCH      31, 2008 |   | $                                 | 131.84  |   |                         |   |      |                            |   | $      | 133.07                          |   |   |   |        |   |   | $      | — |   |   |   |    |   |   | $      | — |   |   |   |    |   |   |   |       |   |   |   |        |   |

----

| MAN-AHL      130, LLC                                                                                                                                            |                                                                                                                                                                                                                                |   |                                                                                                                                                                                                                                |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                             |                                                                                                                                                                                                                                |   |                                                                                                                                                                                                                                |
| STATEMENTS      OF CASH FLOWS                                                                                                                                    |                                                                                                                                                                                                                                |   |                                                                                                                                                                                                                                |
|                                                                                                                                                             |                                                                                                                                                                                                                                |   |                                                                                                                                                                                                                                |
|                                                                                                                                                             | For      the year ended                                                                                                                                                                                                             |   | For      the year ended                                                                                                                                                                                                             |
|                                                                                                                                                             | March      31, 2009                                                                                                                                                                                                                 |   | March      31, 2008                                                                                                                                                                                                                 |
| CASH      FLOWS FROM OPERATING ACTIVITIES:                                                                                                                       |                                                                                                                                                                                                                                |   |                                                                                                                                                                                                                                |
|   Net      income                                                                                                                                      |  $                              903,576                                  |   |  $                           5,008,632                                                  |
|                                                                                                                                                             |                                                                                                                                                                                                                                |   |                                                                                                                                                                                                                                |
| Adjustments      to reconcile net income to                                                                                                                      |                                                                                                                                                                                                                                |   |                                                                                                                                                                                                                                |
| net      cash used in operating activities:                                                                                                                      |                                                                                                                                                                                                                                |   |                                                                                                                                                                                                                                |
| Net      change in unrealized trading (gains) losses on open                                                                                                     |                                                                                                                                                                                                                                |   |                                                                                                                                                                                                                                |
|   derivative      contracts and translation of assets and liabilities                                                                                  |                                                                                                                                                                                                                                |   |                                                                                                                                                                                                                                |
|   denominated      in foreign currencies                                                                                                               |                                  751,745                       |   |                                (759,797)                                 |
| Purchase      of investment in Man-Glenwood Lexington, LLC                                                                                                       |                             (2,222,000)                                                 |   |                             (6,764,793)                                                 |
| Sale      of investment in Man-Glenwood Lexington, LLC                                                                                                           |                               1,631,000                                       |   |                                  522,678                       |
| Purchase      of investment in Man-Glenwood Lexington TEI, LLC                                                                                                   |                             (4,837,500)                                                 |   |  —                                                                                                                                                                                                                       |
| Net      realized losses on investment in Man-Glenwood Lexington,      LLC                                                                                  |                                  236,769                       |   |                                      4,513 |
| Net      change in unrealized depreciation                                                                                                                       |                                                                                                                                                                                                                                |   |                                                                                                                                                                                                                                |
|   on      investment in Man-Glenwood Lexington, LLC                                                                                                    |                                  661,378                       |   |                                  137,570                       |
| Net      change in unrealized depreciation on investment in                                                                                                      |                                                                                                                                                                                                                                |   |                                                                                                                                                                                                                                |
|   Man-Glenwood      Lexington TEI, LLC                                                                                                                 |                                  382,451                       |   |  —                                                                                                                                                                                                                       |
| Changes      in:                                                                                                                                                 |                                                                                                                                                                                                                                |   |                                                                                                                                                                                                                                |
|   Due      from broker                                                                                                                                 |                             (1,701,016)                                                 |   |                                (944,647)                                 |
|   Expense      reimbursement receivable                                                                                                                |                                (126,334)                                 |   |                                (114,090)                                 |
|   Interest      receivable                                                                                                                             |                                      5,602 |   |                                    (5,773)           |
|   Management      fees payable                                                                                                                         |                                  (21,281)                      |   |                                  136,793                       |
|   Incentive      fees payable                                                                                                                          |                                (598,100)                                 |   |                                  598,100                       |
|   Brokerage      commissions payable                                                                                                                   |                                  (98,588)                      |   |                                    98,588            |
|   Accrued      professional fees payable                                                                                                               |                                  (83,534)                      |   |                                  173,409                       |
|   Accrued      administrative fees payable                                                                                                             |                                  (36,371)                      |   |                                    98,871            |
|   Client      servicing fees payable                                                                                                                   |                                    21,916            |   |                                      1,044 |
|   Other      liabilities                                                                                                                               |                                      1,203 |   |                                      1,600 |
|                                                                                                                                                             |                                                                                                                                                                                                                                |   |                                                                                                                                                                                                                                |
|                    Net      cash used in operating activities     |                             (5,129,084)                                                 |   |                             (1,807,302)                                                 |
|                                                                                                                                                             |                                                                                                                                                                                                                                |   |                                                                                                                                                                                                                                |
| FINANCING      ACTIVITIES:                                                                                                                                       |                                                                                                                                                                                                                                |   |                                                                                                                                                                                                                                |
|               Capital      subscriptions                                                   |                             16,112,614                                                  |   |                             15,680,416                                                  |
|               Captial      redemptions                                                     |                             (5,006,036)                                                 |   |  —                                                                                                                                                                                                                       |
|                                                                                                                                                             |                                                                                                                                                                                                                                |   |                                                                                                                                                                                                                                |
|                    Net      cash provided by financing activities |                             11,106,578                                                  |   |                             15,680,416                                                  |
|                                                                                                                                                             |                                                                                                                                                                                                                                |   |                                                                                                                                                                                                                                |
| NET      INCREASE IN CASH AND CASH EQUIVALENTS                                                                                                                   |                               5,977,494                                       |   |                             13,873,114                                                  |
|                                                                                                                                                             |                                                                                                                                                                                                                                |   |                                                                                                                                                                                                                                |
| CASH      AND CASH EQUIVALENTS - Beginning of year                                                                                                               |                             13,883,114                                                  |   |                                    10,000            |
|                                                                                                                                                             |                                                                                                                                                                                                                                |   |                                                                                                                                                                                                                                |
| CASH      AND CASH EQUIVALENTS - End of year                                                                                                                     |  $                         19,860,608                                                             |   |  $                         13,883,114                                                             |
|                                                                                                                                                             |                                                                                                                                                                                                                                |   |                                                                                                                                                                                                                                |
| See      notes to financial statements.                                                                                                                          |                                                                                                                                                                                                                                |   |                                                                                                                                                                                                                                |

----

| MAN-AHL      130, LLC                                                                                                                                              |                                                                                                    |         |                                                                                              |         |                                                                                                                             |      |                                                                                                                             |      |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------|--------------|---------------------------------------------------------------------------------------------------|--------------|----------------------------------------------------------------------------------------------------------------------------------|-----------|----------------------------------------------------------------------------------------------------------------------------------|-----------|
|                                                                                                                                                               |                                                                                                    |         |                                                                                              |         |                                                                                                                             |      |                                                                                                                             |      |   |   |
| FINANCIAL      HIGHLIGHTS                                                                                                                                          |                                                                                                    |         |                                                                                              |         |                                                                                                                             |      |                                                                                                                             |      |
|                                                                                                                                                               |                                                                                                    |         |                                                                                              |         |                                                                                                                             |      |                                                                                                                             |      |   |   |
| FOR      THE YEAR ENDED MARCH 31, 2009                                                                                                                             |                                                                                                    |         |                                                                                              |         |                                                                                                                             |      |                                                                                                                             |      |
|                                                                                                                                                               |                                                                                                    |         |                                                                                              |         |                                                                                                                             |      |                                                                                                                             |      |   |   |
|                                                                                                                                                               |                                                                                                    |         | Class      A                                                                                      |         | Class      A                                                                                                                     |      | Class      B                                                                                                                     |      | Class      B |   |
|                                                                                                                                                               |                                                                                                    |         | Series      1                                                                                     |         | Series      2                                                                                                                    |      | Series      1*                                                                                                                   |      | Series      2* |   |
|                                                                                                                                                               |                                                                                                    |         |                                                                                              |         |                                                                                                                             |      |                                                                                                                             |      |   |   |
| Net      asset value, beginning of period                                                                                                                          |  $               131.84 |         |  $              133.07 |         |  $               131.84                          |      |  $              133.07                                |      |
| Net      realized and unrealized gains on investments and foreign      currency                                                                                    | 14.38                                                                                                   |         | 14.64                                                                                             |         | 15.17                                                                                                                            |      | 15.15                                                                                                                            |      |
| Net      investment loss (1)                                                                                                                                       | (14.72)                                                                                                 |         | (13.32)                                                                                           |         | (15.07)                                                                                                                          |      | (13.38)                                                                                                                          |      |
| Total      from operations                                                                                                                                         | (0.34)                                                                                                  |         | 1.32                                                                                              |         | 0.10                                                                                                                             |      | 1.77                                                                                                                             |      |
|                                                                                                                                                               |                                                                                                    |         |                                                                                              |         |                                                                                                                             |      |                                                                                                                             |      |   |   |
| Net      asset value, end of period                                                                                                                                |  $               131.50 |         |  $              134.39 |         |  $               131.94                          |      |  $              134.84                                |      |
|                                                                                                                                                               |                                                                                                    |         |                                                                                              |         |                                                                                                                             |      |                                                                                                                             |      |   |   |
| Net      assets, end of period                                                                                                                                     |  $          802,089                              |         |  $     17,027,572                                                   |         |  $       6,379,233                                                                       |      |  $        7,599,361                                                                 |      |
|                                                                                                                                                               |                                                                                                    |         |                                                                                              |         |                                                                                                                             |      |                                                                                                                             |      |   |   |
| Ratio      of investment loss to average net assets                                                                                                                | (7.38)%                                                                                                 |  (3)    | (6.14)%                                                                                           |  (3)    | (7.50)%                                                                                                                          |  (3) | (6.16)%                                                                                                                          |  (3) |
|                                                                                                                                                               |                                                                                                    |         |                                                                                              |         |                                                                                                                             |      |                                                                                                                             |      |   |   |
| Ratio      of expenses to average net assets (excluding incentivefee)                                                                                              | 4.54%                                                                                                   |         | 3.32%                                                                                             |         | 4.54%                                                                                                                            |      | 3.30%                                                                                                                            |      |
| Incentive      fee                                                                                                                                                 |                                                                                                    | 3.73%        |                                                                                              | 3.80%        |                                                                                                                             | 3.77%     |                                                                                                                             | 3.69%     |   |
| Ratio      of net expenses to average net assets                                                                                                                   | 8.27%                                                                                                   |  (3)    | 7.12%                                                                                             |  (3)    | 8.31%                                                                                                                            |  (3) | 6.99%                                                                                                                            |  (3) |
|                                                                                                                                                               |                                                                                                    |         |                                                                                              |         |                                                                                                                             |      |                                                                                                                             |      |   |   |
| Total      return (prior to incentive fee)                                                                                                                         | 3.49%                                                                                                   |         | 4.81%                                                                                             |         | 3.91%                                                                                                                            |      | 5.10%                                                                                                                            |      |
| Incentive      fee                                                                                                                                                 |                                                                                                    | (3.75)%      |                                                                                              | (3.82)%      |                                                                                                                             | (3.83)%   |                                                                                                                             | (3.77)%   |   |
| Total      return                                                                                                                                                  |                                                                                                    | (0.26)%      |                                                                                              | 0.99%        |                                                                                                                             | 0.08%     |                                                                                                                             | 1.33%     |   |
|                                                                                                                                                               |                                                                                                    |         |                                                                                              |         |                                                                                                                             |      |                                                                                                                             |      |   |   |
| FOR      THE PERIOD ENDED MARCH 31, 2008                                                                                                                           |                                                                                                    |         |                                                                                              |         |                                                                                                                             |      |                                                                                                                             |      |
|                                                                                                                                                               |                                                                                                    |         |                                                                                              |         |                                                                                                                             |      |                                                                                                                             |      |   |   |
|                                                                                                                                                               |                                                                                                    |         | Class      A                                                                                      |         | Class      A                                                                                                                     |      | Class      B                                                                                                                     |      | Class      B |   |
|                                                                                                                                                               |                                                                                                    |         | Series      1**                                                                                   |         | Series      2**                                                                                                                  |      | Series      1                                                                                                                    |      | Series      2 |   |
|                                                                                                                                                               |                                                                                                    |         |                                                                                              |         |                                                                                                                             |      |                                                                                                                             |      |   |   |
| Net      asset value, beginning of period                                                                                                                          |  $               112.32 |         |  $              100.00 |         |  $                   — |      |  $                   — |      |
| Net      realized and unrealized gains on investments and foreign      currency                                                                                    | 42.04                                                                                                   |         | 52.33                                                                                             |         | —                                                                                                                          |      | —                                                                                                                          |      |
| Net      investment loss (1)                                                                                                                                       | (22.52)                                                                                                 |         | (19.26)                                                                                           |         | —                                                                                                                          |      | —                                                                                                                          |      |
| Total      from operations                                                                                                                                         | 19.52                                                                                                   |         | 33.07                                                                                             |         | —                                                                                                                          |      | —                                                                                                                          |      |
|                                                                                                                                                               |                                                                                                    |         |                                                                                              |         |                                                                                                                             |      |                                                                                                                             |      |   |   |
| Net      asset value, end of period                                                                                                                                |  $               131.84 |         |  $              133.07 |         |  $                   — |      |  $                   — |      |
|                                                                                                                                                               |                                                                                                    |         |                                                                                              |         |                                                                                                                             |      |                                                                                                                             |      |   |   |
| Net      assets, end of period                                                                                                                                     |  $          348,997                              |         |  $    20,059,635                                                         |         |  $                   — |      |  $                   — |      |
|                                                                                                                                                               |                                                                                                    |         |                                                                                              |         |                                                                                                                             |      |                                                                                                                             |      |   |   |
| Ratio      of investment loss to average net assets                                                                                                                | (9.22)%                                                                                                 |  (2)(4) | (9.47)%                                                                                           |  (2)(4) | —%                                                                                                                         |      | —%                                                                                                                         |      |
|                                                                                                                                                               |                                                                                                    |         |                                                                                              |         |                                                                                                                             |      |                                                                                                                             |      |   |   |
| Ratio      of expenses to average net assets (excluding incentivefee)                                                                                              | 5.55%                                                                                                   |  (4)    | 4.65%                                                                                             |  (4)    | —%                                                                                                                         |      | —%                                                                                                                         |      |
| Incentive      fee                                                                                                                                                 | 5.62%                                                                                                   |         | 7.08%                                                                                             |         | —%                                                                                                                         |      | —%                                                                                                                         |      |
| Ratio      of expenses to average net assets                                                                                                                       | 11.17%                                                                                                  |  (2)    | 11.73%                                                                                            |  (2)    | —%                                                                                                                         |      | —%                                                                                                                         |      |
|                                                                                                                                                               |                                                                                                    |         |                                                                                              |         |                                                                                                                             |      |                                                                                                                             |      |   |   |
| Total      return (prior to incentive fee)                                                                                                                         | 25.46%                                                                                                  |         | 41.31%                                                                                            |         | —%                                                                                                                         |      | —%                                                                                                                         |      |
| Incentive      fee                                                                                                                                                 | (8.08)%                                                                                                 |         | (8.24)%                                                                                           |         | —%                                                                                                                         |      | —%                                                                                                                         |      |
| Total      return                                                                                                                                                  |                                                                                                    | 17.38%       |                                                                                              | 33.07%       |                                                                                                                             | —%  |                                                                                                                             | —%  |   |
|                                                                                                                                                               |                                                                                                    |         |                                                                                              |         |                                                                                                                             |      |                                                                                                                             |      |   |   |
| *Class      B Series 1 and Class B Series 2 commenced trading on April 1,      2008.                                                                               |                                                                                                    |         |                                                                                              |         |                                                                                                                             |      |                                                                                                                             |      |
| **      Class A Series 1 and Class A Series 2 commenced trading on July 1, 2007      and April 2, 2007, respectively.                                              |                                                                                                    |         |                                                                                              |         |                                                                                                                             |      |                                                                                                                             |
| (1)      Includes incentive fee.                                                                                                                                   |                                                                                                    |         |                                                                                              |         |                                                                                                                             |      |                                                                                                                             |      |
| (2)      If expenses had not been contractually reimbursed by the Adviser, the      ratios of net investment loss and expenses to average net assets would      be |                                                                                                    |         |
| (11.62)%      and 13.57%, respectively for Class A Series 1 and (12.02)% and 14.29%,      respectively for Class A Series 2.                                       |                                                                                                    |         |                                                                                              |         |                                                                                                                             |      |                                                                                                                             |
| (3)      If expenses had not been contractually reimbursed by the Adviser, the      ratios of net investment loss and expenses to average net assets would      be |                                                                                                    |         |                                                                                              |         |
| (9.09)%      and 9.98%, respectively for Class A Series 1, (7.75)% and 8.73%,      respectively for Class A Series 2, (9.29)% and 10.10%, respectively      for    |                                                                                                    |         |                                                                                              |         |                                                                                                                             |
| Class      B Series 1, and (7.94)% and 8.77%, respectively for Class B Series      2.                                                                              |                                                                                                    |         |                                                                                              |         |                                                                                                                             |      |                                                                                                                             |      |
| (4)      Annualized for periods less than a year.                                                                                                                  |                                                                                                    |         |                                                                                              |         |                                                                                                                             |      |                                                                                                                             |      |
|                                                                                                                                                               |                                                                                                    |         |                                                                                              |         |                                                                                                                             |      |                                                                                                                             |      |   |   |
| See      notes to financial statements.                                                                                                                            |                                                                                                    |         |                                                                                              |         |                                                                                                                             |      |                                                                                                                             |      |

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| 1.   | ORGANIZATION |
|----------------|--------------|

|   | Man-AHL      130, LLC (the “Company”) is a limited liability company organized under      the laws of Delaware and is structured as a managed futures product which      offers investors enhanced yield and diversification benefits. The Company      was formed on April 14, 2005 and funded with an initial $10,000      investment from its managing member, Man Investments (USA) Corp. (“MI USA”      or the “Managing Member”), a Delaware corporation, on May 10,      2005.  The Company commenced trading on April 2, 2007 and      operates as a commodity investmentpool. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 2.   | SIGNIFICANT      ACCOUNTING POLICIES |
|----------------|--------------------------------------|

|   | The      accompanying financial statements are prepared in accordance with      accounting principles generally accepted in the United States of America.      The following are significant accounting policies adopted by the Company.        |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 3. | DERIVATIVE      FINANCIAL INSTRUMENTS AND CONCENTRATIONS OF CREDIT  RISK |
|----|--------------------------------------------------------------------------|

|   | The      Company trades derivative financial instruments that involve varying      degrees of market and credit risk. Market risks may arise from unfavorable      changes in interest rates, foreign exchange rates, or the market values of      the instruments underlying the contracts. All contracts are stated at fair      value, and changes in those values are reflected in the net change in      unrealized gains (losses) on open contracts in the statements of      operations. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 4.   | INCOME      TAXES |
|----------------|-------------------|

| 5.   | CAPITAL      STRUCTURE |
|----------------|------------------------|

|                 |   | For      the year ended |      |
|----------------------|--------|-------------------------|-----------|
|                 |   | March      31, 2009     |      |
|                 |   | Class      A            |      |   | Class      A |   |   | Class      B |   |   | Class      B |   |
|                 |   | Series      1           |      |   | Series      2 |   |   | Series      1 |   |   | Series      2 |   |
|                 |   |                    |      |   |   |   |   |   |   |   |   |   |
| Beginning      units |   |                    | 2,647.132 |   |   |   | 150,751.032 |   |   |   | — |   |   |   | — |   |
| Units      issued    |   |                    | 3,920.343 |   |   |   | 9,550.477 |   |   |   | 48,652.040 |   |   |   | 58,076.647 |   |
| Units      redeemed  |   |                    | (467.877  | ) |   |   | (33,597.518 | ) |   |   | (303.399 | ) |   |   | (1,720.072 | ) |
| Ending      units    |   |                    | 6,099.598 |   |   |   | 126,703.991 |   |   |   | 48,348.641 |   |   |   | 56,356.575 |   |
|                 |   |                    |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                 |   | For      the year ended |      |
|                 |   | March      31, 2008     |      |
|                 |   | Class      A            |      |   | Class      A |   |   | Class      B |   |   | Class      B |   |
|                 |   | Series      1           |      |   | Series      2 |   |   | Series      1 |   |   | Series      2 |   |
|                 |   |                    |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Beginning      units |   |                    | —   |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Units      issued    |   |                    | 2,647.132 |   |   |   | 150,751.032 |   |   |   | — |   |   |   | — |   |
| Units      redeemed  |   |                    | —   |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Ending      units    |   |                    | 2,647.132 |   |   |   | 150,751.032 |   |   |   | — |   |   |   | — |   |

----

|                                                             |   |                                   |   | Fair      Value Measurements                                                                                                                                            |
|------------------------------------------------------------------|--------|----------------------------------------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                             |   |                                   |   |                                                                                                                                                                    |   |   |
|                                                             |   |                                   |   | Quoted      Prices in                                                                                                                                                   | Significant      Other | Significant      Other |
|                                                             |   |                                   |   | Active      Markets for                                                                                                                                                 | Observable | Unobservable |
|                                                             |   | Value      as of                       |   | Identical      Assets                                                                                                                                                   | Inputs | Inputs |
| Description                                                      |   | March      31, 2009                    |   | (Level      1)                                                                                                                                                          | (Level      2) | (Level      3) |
|                                                             |   |                                   |   |                                                                                                                                                                    |   |   |
|                                                             |   |                                   |   |                                                                                                                                                                    |   |   |
| Net      unrealized trading gains onopen      futures contracts  |   | $     414,026 |   | $     414,026                                                                                                                                  | $            — |         $              — |
|                                                             |   |                                   |   |                                                                                                                                                                    |   |   |
| Net      unrealized trading losses onopen      forward contracts |   | (405,974)                              |   | —                                                                                                                                                                 | (405,974) |                      — |
|                                                             |   |                                   |   |                                                                                                                                                                    |   |   |
| Investment      in Man-GlenwoodLexington,      LLC               |   | 5,691,325                              |   |                      —                                   | — |                5,691,325 |
|                                                             |   |                                   |   |                                                                                                                                                                    |   |   |
| Investment      in Man-GlenwoodLexington      TEI, LLC           |   | 4,455,049                              |   |                      —                                   | — |                4,455,049 |
|                                                             |   |                                   |   |                                                                                                                                                                    |   |   |
| Cash      Equivalents                                            |   | 18,983,921                             |   |              18,983,921                                                                                | — |                            — |
|                                                             |   |                                   |   |                                                                                                                                                                    |   |   |
| Total                                                            |   | $29,138,347                            |   |                           $19,397,947 |                         $(405,974) |                      $10,146,374 |
|                                                             |   |                                   |   |                                                                                                                                                                    |   |   |

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|                                                                                                                    |                                                                                     | For      the                                                                                            |                                                                                                                    |                                                                                     |   | For      the                                                                                                                                       |
|-------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------|
| Man-Glenwood                                                                                                            |                                                                                     | year      ended                                                                                         |                                                                                                                    | Man-Glenwood                                                                             |   | year      ended                                                                                                                                    |
| Lexington,      LLC                                                                                                     |                                                                                     | March      31, 2009                                                                                     |                                                                                                                    | Lexington      TEI , LLC                                                                 |   | March      31, 2009                                                                                                                                |
|                                                                                                                    |                                                                                     |                                                                                                    |                                                                                                                    |                                                                                     |   |                                                                                                                                               |
| Beginning      Balance as of 4/1/08                                                                                     |                                                                                     |  $          5,701,675                            |                                                                                                                    | Beginning      Balance as of 4/1/08                                                      |   |  $                      — |
| Realized      loss                                                                                                      |                                                                                     |               (236,769)           |                                                                                                                    | Realized      loss                                                                       |   |  —                                                                                                                                      |
| Change      in unrealized depreciation                                                                                  |                                                                                     |               (661,378)           |                                                                                                                    | Change      in unrealized depreciation                                                   |   |               (382,451)                                                      |
| Net      purchase/sales                                                                                                 |                                                                                     |                 887,797 |                                                                                                                    | Net      purchase/sales                                                                  |   |              4,837,500                                                            |
| Net      transfers in and/or out of Level 3                                                                             |  —                                                                            |                                                                                                    | Net      transfers in and/or out of Level 3                                                                             |  —                                                                            |
| Ending      Balance as of 3/31/09                                                                                       |                                                                                     |  $          5,691,325                            |                                                                                                                    | Ending      Balance as of 3/31/09                                                        |   |  $          4,455,049                                                                       |
|                                                                                                                    |                                                                                     |                                                                                                    |                                                                                                                    |                                                                                     |   |                                                                                                                                               |
| Changes      in unrealized gains (losses) included in earnings related to investments      still held at reporting date |   $           (661,378) |                                                                                                    | Changes      in unrealized gains (losses) included in earnings related to investments      still held at reporting date |   $           (382,451) |
|                                                                                                                    |                                                                                     |                                                                                                    |                                                                                                                    |                                                                                     |   |                                                                                                                                               |

----