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2007 News Releases

For Immediate Release

October 15, 2007

Manulife Financial tops the Philippine Stock Exchange

Still the largest company by market capitalization listed on the local bourse

Manila - Canadian-based financial services group Manulife Financial Corporation (MFC) is continuing to build on its position as the largest company on the Philippines’ local exchange, a spot it has occupied for more than three years**. As at end of September 2007, the company’s market capitalization of PhP 2.69 trillion accounted for 33 per cent of the Philippine Stock Exchange's total market capitalization.

The first foreign company to list on the PSE, MFC posted a dramatic 587.5 per cent increase in share prices from PhP 240*** when it demutualized in 1999, to PhP 1,650 on the last trading day of 2006. The insurer's three-digit increase is 13 times more than the 45 per cent growth rate registered by the PSE index in the same period.

The insurer has recorded 12 consecutive years of operating income growth.

“Overall, we view MFC as a core holding. MFC has, in our view, the best long-term organic growth prospects, driven by its rapidly expanding Asian operations,” TD Newcrest analyst Doug Young said. TD Newcrest is the equity division of TD Securities, one of Canada’s leading providers of advisory and capital market services to corporations, governments, and institutions.

Manulife Financial is Canada’s largest life insurer, the world’s fifth largest, and North America’s second largest in terms of market capitalization. It is one of only two publicly traded life insurance companies in the world with insurance subsidiaries rated `AAA’ for financial strength, the highest level among eight rating categories at Standard & Poor’s.

The company also trades ‘MFC’ on the Toronto Stock Exchange (TSX) and the New York Stock Exchange (NYSE), and under ‘0945’ on the Hong Kong Stock Exchange (SEHK).

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$410 billion (US$386 billion) as at June 30, 2007.

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.

** MFC has consistently been the largest company in the PSE in terms of market capitalisation since February 2004.
***adjusted for 100% stock dividend

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Media inquiries:
Orendain & Associates
(632) 893-7327 / 841-0688

Lils Liwanag
Manulife Philippines
(632) 884-5416

Investor Relations:
Patricia Kelly