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Manulife Mutual Funds to terminate two funds Toronto – Manulife Mutual Funds (a division of Elliott & Page Limited) announced plans today to terminate all classes of the Elliott & Page Active Bond Fund and the Elliott & Page Global MultiStyle Fund effective March 31, 2005.The decision was made to close the above Funds primarily due to their small volume of retail assets. As of August 31, 2004, the Elliott & Page Active Bond Fund held under $10 million in assets under management and the Elliott & Page Global MultiStyle Fund held under $5 million in assets under management making it necessary to focus resources on mandates more representative of investors’ needs. “As one of Canada’s leading financial services firms, Manulife strives to provide access to top quality investment funds,” said Rick Annaert, Vice President of Investment Products for Manulife Financial. “ Through regular review of our fund line-up, we are able to ensure that Manulife Mutual Funds provides a strong and efficient product offering that continues to serve our investors’ best interests. With these goals in mind, Manulife Mutual Funds decided to eliminate duplication and improve cost efficiencies by terminating the Elliott & Page Active Bond Fund and Elliott & Page Global MultiStyle Fund.” 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. Funds under management by Manulife Financial and its subsidiaries were Cdn$360 billion (US$269 billion) as at June 30, 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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