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Manulife Financial’s subsidiaries upgraded to 'AAA' by Standard & Poor’s Toronto – Standard & Poor’s Ratings Services today raised the financial strength ratings on Manulife Financial’s rated insurance subsidiaries to 'AAA' from 'AA+.' This upgrade makes Manulife one of only two publicly traded life insurance companies with 'AAA' rated insurance subsidiaries, the highest level among 21 rating categories at Standard & Poor’s. According to Standard & Poor’s, the upgrade reflects Manulife’s leading and well diversified business positions in Canada, the U.S., Hong Kong and other countries within the Asia Pacific rim; the high quality and consistent operating performance; very strong and well diversified investment portfolio; its extremely strong capital adequacy position; and excellent enterprise risk management framework. “We are naturally very pleased that the financial and operational strength of Manulife Financial have been recognized by Standard & Poor’s through the assignment to us of their highly-coveted 'AAA' rating,” said Dominic D’Alessandro, President and Chief Executive Officer of Manulife Financial. “This prestigious rating is a further reflection of our position as a global leader in the life insurance industry. This is a very happy event for all of us.” 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 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$381 billion (US$341 billion) as at September 30, 2006. 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 atwww.manulife.com. –30 – For further information, please contact:
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