Bank of Montreal Manulife Investments Protected Deposit Notes, Canadian ReturnPlusTM Class and Global ReturnPlusTM Class now available ( June 12, 2007)











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FOR IMMEDIATE RELEASE
June 12, 2007

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Bank of Montreal Manulife Investments Protected Deposit Notes,
Canadian Return^PlusTM Class and Global Return^PlusTMClass
now available

Toronto - Canadian investors can benefit from two new classes of principal protected investments that can generate potential returns based on the performance of two mutual funds.

Bank of Montreal Manulife Investments Protected Deposit Notes, Global Return^PlusClass is a unique investment offering issued by Bank of Montreal that is linked to the performance of two mutual funds – the Elliott & Page Monthly High Income Fund and the Mawer World Investment Fund. The mutual funds are managed by Manulife Mutual Funds, a division of Elliott & Page Limited, and Calgary based Mawer Investment Management Inc. Bank of Montreal Manulife Investments Protected Deposit Notes, Canadian Return^PlusClass is an investment offering issued by Bank of Montreal that is linked to the performance of the Elliott & Page Monthly High Income Fund. Both the Global Return^PlusClass and the Canadian Return^PlusClassDeposit Notes provide 100 per cent principal protection at maturity by Bank of Montreal.

The Deposit Notes employ a dynamic asset allocation strategy providing notional exposure to the underlying Funds when their performance is positive and reduced exposure when performance is negative. All distributions paid by the Funds will be notionally reinvested at a rate equal to 100 per cent of the distribution rate of the Funds linked to the Deposit Notes creating the opportunity for potentially enhanced returns and tax-deferred growth.

“Many Canadian investors have benefited from strong equity market performance over the past few years. The Bank of Montreal Manulife Investments Canadian Return^PlusClass and Global Return^Plus Class Deposit Notes provide investors with the opportunity to lock in previous market gains while maintaining market exposure through investments linked to two mutual funds with strong track records of performance. The principal protection feature makes them an attractive alternative for investors who require stability yet would benefit from potentially higher long term returns,” said Bob Tillmann, Vice President of Marketing and Business Development, Manulife Investments.

Additional features of the Canadian Return^PlusClass and Global Return^Plus Class Notes include:

100 per cent principal protection at maturity by Bank of Montreal as issuer;
Potential for enhanced total return through the notional investment in the underlying funds;
Potential for tax deferred growth – 100 per cent of distributions from the underlying funds, if any, are notionally reinvested in the funds for growth with no current tax implications for investors;
A dynamic asset allocation strategy;
Term to maturity of approximately 7.18 years for Series 1 and 7 years for Series 2

In addition, the Canadian Return^Plus Note features 125% exposure on day one to the underlying Elliott & Page Monthly High Income Fund.
The Bank of Montreal Manulife Investments Protected Deposit Notes, Canadian Return^Plus Class Series 1 and 2 and Global Return^Plus Class Series 1 and 2 are sold by advisors licensed by the Investment Dealers Association of Canada and licensed mutual fund dealers.
Series 1 of the Canadian Return^Plus Class is available for purchase until July 6, 2007 and Series 2 of the Canadian Return^PlusClass is available for purchase until September 7, 2007.

Global Return^Plus Class Series 1 is available for purchase until July 6, 2007 and Series 2 of the Global Return^PlusClass is available for purchase until September 7, 2007. Details regarding these investment products, including a discussion of risk factors relating to the Deposit Notes, are contained in the Information Statements that can be obtained from your financial advisor or at www.manulife.ca/investments.

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:
Tom Nunn
Manulife Financial
519-594-8578
tom_nunn@manulife.com

The information contained herein is for information purposes only and does not constitute an offer to sell or a solicitation to purchase the Deposit Notes or investment advice. Investors should read the Information Statements related to the Deposit Notes dated May 7, 2007 and discuss with their advisor before making any investment decisions. Complete information relating to the Deposit Notes, including the risks of investment and disclosure on how the return is calculated, are included in the related Information Statement. The information contained herein is intended to be read in conjunction with the related Information Statement and is qualified in its entirety by reference to the Information Statement. The fluctuation of the value of the Fund Portfolio will directly impact the return, if any, on the Deposit Notes at maturity. It is possible that no return will be paid on the Deposit Notes. Bank of Montreal makes no assurances, representations or warranties with respect to the accuracy, reliability or completeness of the information contained herein. Furthermore, Bank of Montreal makes no recommendations concerning Manulife Investments, mutual funds or the suitability of investing in securities generally, or the Deposit Notes in particular. No person has been authorized to give information or to make any representation not contained in the related Information Statement and Bank of Montreal does not accept any responsibility for any information not contained in the related Information Statement.

Manulife Investments is the brand name identifying the personal wealth management lines of business offered by Manulife Financial (The Manufacturers Life Insurance Company) and its subsidiaries in Canada (collectively, “Manulife Financial”). Manulife Investments, MFC Global Investment Management, Manulife, Elliott & Page and the Manulife Investments block design are trade names or registered or unregistered trademarks of Manulife Financial and have been licensed for use by the Bank of Montreal and its affiliates.