Manulife Mutual Funds caps Elliott & Page Balanced Fund (August 21, 2003)
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FOR IMMEDIATE RELEASE
August 21, 2003


Manulife Mutual Funds caps Elliott & Page Balanced Fund

Toronto -- Manulife Mutual Funds (a division of Elliott & Page Limited) announces the capping of the Advisor and F Classes of the Elliott & Page Balanced Fund.

Manulife Mutual Funds will cap these classes of the Elliott & Page Balanced Fund on August 28, 2003, to all new purchases including PACs. “We are currently evaluating the best possible options for our investors and in the coming months, expect to propose additional recommendations for the Fund,” stated Eric Grove, Vice President, Investment Funds, Manulife Financial.

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 operating in 15 countries and territories worldwide. Through its extensive network of employees, agents and distribution partners, Manulife Financial offers clients a diverse range of financial protection products and wealth management services. Funds under management by Manulife Financial were Cdn$144.3 billion as at June 30, 2003.

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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For media inquiries or to arrange an interview, please contact:
Rahim Rajpar
Marketing Manager
(416) 852-7570
rahim_rajpar@manulife.com





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