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Manulife Mutual Funds to cap two funds Toronto, ON – Manulife Mutual Funds (a division of Elliott & Page Limited) announced plans today to cap the two retail classes (Advisor and F classes) of Elliott & Page Active Bond Fund and Elliott & Page Global MultiStyle Fund. All Advisor and F class units will be capped to all new purchases effective August 16, 2004. “As one of Canada’s leading financial services firms, Manulife believes it is our responsibility to provide access to ‘best in class’ asset managers for the investment funds we provide,” said Rick Annaert, Vice President of Investment Products for Manulife Financial. “ Through continuous review of our fund offerings, we are able to ensure that Manulife Mutual Funds provides investors with one of the best fund selections available to meet investors’ needs.” Manulife Mutual Funds decided to close Elliott & Page Active Bond Fund and Elliott & Page Global Multistyle Fund to reduce duplication and create greater efficiencies within their mutual fund product offering. About Manulife Investments Manulife Investments is the brand name describing certain Canadian subsidiaries and operating divisions of Manulife Financial Corporation that offer personal wealth management products and services in Canada. As one of Canada's leading integrated financial services providers, Manulife Investments offers a variety of products and services including segregated funds, mutual funds, annuities and guaranteed investment contracts. 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 most of 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. Pro forma funds under management by Manulife Financial and its subsidiaries were Cdn$356 billion (US$272 billion) as at March 31, 2004. 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. - 30 - For more information contact:
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