Manulife Japan's nationwide sales reorganization and reinforcement plan now in full swing (June 16, 2003)











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FOR IMMEDIATE RELEASE
June 16, 2003

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This release was distributed to members of the Financial Press Club and other press in Japan, in Japanese only. The following translation is provided for information only.

Manulife Japan's nationwide sales reorganization and reinforcement plan now in full swing

24 revamped sales/sub-sales offices nationwide to open in June and July.

Japan - Manulife Life Insurance Company (Head Office: Chofu-shi, Tokyo, President & CEO: Trevor Matthews) is revamping its 24 existing sales offices into new Sales and Sub-Sales Offices to open in June and July as part of the nationwide sales reorganization and reinforcement plan that started in April.

Each of the revamped Sales/ Sub-Sales Offices will belong in the competence of one of the 8 Regional Offices in Hokkaido, Kita-Nippon, Kan-Shinetsu, Metropolitan Tokyo, Chubu, Kansai, Chu-Shikoku and Kyushu that were launched in April. Under the new organization, the efficiency and the speed of communication between the head office and each sales region is being vastly improved, and the administration and sales functions are clearly distinguished to provide far stronger sales support than ever.

Through this reorganization the Sales /Sub-Sales Offices will also be freshly renovated, enlarged by uniting several existing offices, with the latest equipment and office design including intranet connection and phones with teleconference system.

With these initiatives, Manulife Japan aims to dramatically enhance its regional sales activities as well as recruiting activities.

Manulife Japan targets the end of this autumn to complete the nationwide Sales Office/ Sub-Sales Office reorganization and reinforcement plan.

The revamped Sales Offices/ Sub-Sales Offices to open in June/July are as follows:

Region	Sales Office	Address	Launch Date
Kita-Nippon	Akita	Akita-shi, Akita	June 16
Kita-Nippon	Tsuchiura	Tsuchiura-shi, Ibaragi	June 23
Kan-Shinetsu	Soka	Soka-shi, Saitama	July 7
Kan-Shinetsu	Nagaoka	Nagaoka-shi, Niigata	June 23
Kan-Shinetsu	Maebashi	Maebashi-shi, Gunma	June 30
Metropolitan Tokyo	Kashiwa	Kashiwa-shi, Chiba	June 30
Metropolitan Tokyo	Shonan	Fujisawa-shi, Kanagawa	June 30
Metropolitan Tokyo	Atsugi	Atsugi-shi, Kanagawa	June 23
Metropolitan Tokyo	Ueno	Taito-ku, Tokyo	June 23
Metropolitan Tokyo	Shinjuku	Shinjuku-ku, Tokyo	June 23
Metropolitan Tokyo	Kichijoji	Musashino-shi, Tokyo	June 30
Chubu	Numazu	Numazu-shi,Shizuoka	June 23
Chubu	Fujieda	Fujieda-shi, Shizuoka	June 30
Chubu	Yokkaichi	Yokkaichi-shi, Mie	June 30
Kansai	Wakayama	Wakayama-shi, Wakayama	June 30
Kansai	Izumi	Izumiohtsu-shi, Osaka	June 30
Chu-Shikoku	Fukuyama	Fukuyama-shi, Hiroshima	June 30
Chu-Shikoku	Kochi	Kochi-shi, Kochi	June 30
Chu-Shikoku	Takamatsu*	Takamatsu-shi, Kagawa	June 16
Chu-Shikoku	Saijo	Saijo-shi, Ehime	June 30
Chu-Shikoku	Anan	Anan-shi, Tokushima	June 16
Kyushu	Chikugo	Yame-shi, Fukuoka	July 7
Kyushu	Kitakyushu	Kitakyushu-shi, Fukuoka	June 30
Kyushu	Nagasaki	Nagasaki-shi, Nagasaki	June 30

*Takamatsu is a Sub-Sales Office.

Manulife Japan, a member company of the Manulife Financial Group headquartered in Canada, holds a top-class“AA+” credit rating from one of the world’s most prestigious credit rating agencies, Standard and Poor’s Co. (as of April 2003). 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 (approx. 11,558 billion yen) as of 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.

For more information, please contact below.
Minoru Shimizu,
Manulife Japan
Phone: 0424-42-7076