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2007 News Releases

For Immediate Release

October 29, 2007

MFC Global Investment Management (U.S.) Names William M. Sheehan to Sales Team

Boston– MFC Global Investment Management (U.S.), LLC, has hired William M. Sheehan as a managing director responsible for sales and business development in the institutional investment market. Mr. Sheehan, who reports to Barry H. Evans, MFC Global (U.S.) President, joined the firm last month.

“Bill Sheehan brings to MFC Global more than 20 years of experience in both traditional and alternative investments. We are delighted to add someone of his experience to our sales team as we continue to expand the distribution of our equity and fixed income strategies to a broad range of institutional investors in the United States,” said Mr. Evans.

Prior to joining MFC Global (U.S.), Mr. Sheehan spent nine years as a founder and managing partner of Ironside Capital Group, a venture capital firm focused on early to mid-stage technology investing. Earlier in his career, he served as a director of syndications at AT&T Capital Corporation, and was also a vice president and director of syndications at American Finance Group, where he was involved in structuring and distributing equity and debt transactions to the institutional market. In addition, Mr. Sheehan has served on numerous boards of private companies and was instrumental in bringing many of them to liquidity. He is a graduate of Colby College.

About MFC Global Investment Management (U.S.), LLC
MFC Global Investment Management (U.S.), LLC (“MFC Global (U.S.)”) is a Boston-based firm focused on investment management for institutional clients. MFC Global (U.S.) offers a diverse selection of actively managed equity and fixed income strategies across the investment spectrum. The firm’s strategies are managed through a disciplined investment process that seeks to provide consistently superior returns. With more than $30 billion in assets under management, MFC Global (U.S.) manages money for institutions such as public and corporate pension funds, mutual funds and private clients. MFC Global (U.S.) has six equity and four fixed income teams whose investment staff averages 19 years of investment experience.

MFC Global (U.S.) is a part of MFC Global Investment Management, the international investment brand of Manulife Financial. For more information please visit www.mfcglobalus.com.

About MFC Global Investment Management
MFC Global Investment Management® is the asset management division of Manulife Financial. MFC Global Investment Management’s diversified group of companies and affiliates provide comprehensive asset management solutions for institutional investors, investment funds and individuals in key markets around the world. This investment expertise extends across a full range of asset classes including equity, fixed income and alternative investments such as oil & gas, real estate, timber, farmland, as well as asset allocation strategies.

MFC Global Investment Management has investment offices in the United States, Canada, the United Kingdom, Japan, Hong Kong, and throughout Asia. As at June 30, 2007, assets managed exceeded US$220 billion. Additional information about MFC Global Investment Management may be found at www.mfcglobal.com.

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. 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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Beth McGoldrick