Manulife Mutual Funds closes two funds
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FOR IMMEDIATE RELEASE
December 5, 2003

Manulife Mutual Funds closes two funds

Toronto – Manulife Mutual Funds (a division of Elliott & Page Limited) announced its decision to terminate the Elliott & Page Canadian Alphametrics Fund ($18.6 mln. CDN) and the Elliott & Page U.S. Alphametrics Fund ($38.9mln. CDN) following a joint decision with the sole institutional investor of both funds. The Funds will be terminated effective December 15, 2003.

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$150.8 billion as at September 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
Manulife Mutual Funds
(416) 852-7570
rahim_rajpar@manulife.com




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