Manulife Mutual Funds receives approval to merge three funds ( May 17, 2007)











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FOR IMMEDIATE RELEASE
May 17, 2007

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Manulife Mutual Funds receives approval to merge three funds

Toronto - Manulife Mutual Funds, a division of Elliott & Page Limited, has received securityholder and regulatory approval to merge the following three funds:

Elliott & Page Generation Wave Fund into Elliott & Page Canadian Equity Fund
MIX Trimark Select Canadian Class into MIX Canadian Equity Value Class
MIX SEAMARK Total Canadian Equity Class into MIX Canadian Large Cap Core Class

To meet regulatory requirements, each merger required the approval of a majority of securityholders in each of the three terminated funds by proxy or in person at a special meeting that was held on Wednesday, May 16, 2007. In each instance, securityholders voted to support the proposal to consolidate the funds into the continuing funds that share similar investment mandates.

The mergers will be completed on or about Friday, June 1, 2007.

About Manulife Financial
Manulife Financial is a leading Canadian-based financial services group serving millions of customers in 19 countries and territories worldwide. Operating as Manulife Financial in Canada and Asia, and primarily through John Hancock in the United States, the Company offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Funds under management by Manulife Financial and its subsidiaries were Cdn$426 billion (US$370 billion) as at March 31, 2007

Manulife Financial Corporation trades as ‘MFC’ on the TSX, NYSE and PSE, and under ‘0945’ on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com.

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Media contact:

Jasmine Mangalaseril
Manulife Financial
519-594-4185
jasmine_mangalaseril@manulife.com