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Manulife Financial Completes Preferred Share Offering Toronto – Manulife Financial Corporation has successfully completed its previously announced offering of 14 million, 4.1% non-cumulative preferred shares at a price of $25.00 per share, for an aggregate amount of $350 million. The preferred shares were issued under a prospectus supplement dated June 12, 2003 to Manulife’s base shelf prospectus dated October 7, 2002. The preferred shares have not been and will not be registered in the United States under the U.S. Securities Act of 1933, as amended. The preferred shares will not be offered, sold or delivered in the United States and this press release does not constitute an offer to sell or a solicitation to buy the preferred shares in the United States. 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$141.6 billion as at March 31, 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. -30- For more information, please contact:
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