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2007 News Releases

For Immediate Release

September 10, 2007

Manulife Mutual Funds announces five new mutual funds and T Class structure

Toronto - Manulife Mutual Funds, a division of Elliott & Page Limited, announced a number of enhancements today, including a fund name rebranding strategy, addition of five new mandates to its lineup of mutual funds plus the addition of a mutual fund class that can provide tax-efficient distributions to unitholders.

“We continuously review our products and services to ensure they provide the most competitive access to opportunities as they arise in the global marketplace,” said Doug Conick, Vice President of Investment Funds for Manulife Investments

“The addition of these new funds provides investors with additional sources of diversification and access to top-ranked investment management,” he added. “Our new T Class series of mutual funds also supports our strategy of becoming a leader in offering attractive solutions to Canadians to help fund their retirement years.”

T Class
Manulife Mutual Funds has launched a T Class structure, which provides a monthly cash flow through distributions. The following group of nine funds will offer the T class structure providing an attractive investment option for investors looking for a tax-efficient means of generating income from their mutual fund investments.

Manulife Global Monthly Income Fund
Manulife Core Balanced Fund
Manulife Real Return Strategy Fund
Manulife Dividend Fund
Manulife Global Dividend Fund
Manulife Simplicity Income Portfolio
Manulife Simplicity Balanced Portfolio
Manulife Simplicity Global Balanced Portfolio
Manulife Simplicity Growth Portfolio

Five new mutual funds:
Manulife Real Return Strategy Fund - a core pension-style investment fund that is designed to approach risk and returns differently than a typical balanced fund. Features include a targeted return of CPI+5 per cent over a market cycle, exposure to alternative asset classes, an active multi-strategy asset allocation approach and true pension style asset management. The strategic asset mix of this Fund will be managed by Steve Orlich, Vice-President and Senior Portfolio Manager, who is responsible for the management, consulting and product development of MFC Global Investment Management’s strategic asset allocation products. Jim Schetakis, Vice President and Senior Portfolio Manager, will be managing the tactical shifts. MFC Global is a leader in asset allocation strategies, managing over C$70 billion in these mandates on behalf of investors in Canada, the U.S. and Asia.

Manulife Global Tactical Fund - also managed by Steve Orlich and Jim Schetakis of MFC Global, the Fund uses a combination of strategic asset allocation and tactical asset mixes to provide broad exposure to global equity markets. The Fund takes advantage of Manulife’s strong suite of global equity funds and MFC Global’s worldwide investment management expertise. The Fund will invest directly in various global equity funds, with an emphasis on those that are expected to provide the best opportunities in response to changing economic and market conditions.

Manulife Global Leaders Class - focuses on buying the best growth companies in each sector anywhere in the world. Managed by Shauna Sexsmith, Vice President and Senior Portfolio Manager, Canadian Equities, for MFC Global Investment Management, Shauna is known as one of Canada's most successful growth managers.

Manulife Emerging Markets Fund - takes advantage of the growth potential inherent within emerging markets. The Fund will be managed by Steve Tyson, Chief Investment Officer for MFC Global Investment Management (Europe) Ltd., London. Steve leads a team of investment professionals that focuses on European, Asian and Global equity fund management for both Manulife, institutional and retail clients.

Manulife European Opportunities Fund - combines the stability of established European countries with the growth potential of emerging countries of Eastern Europe to create a focused portfolio of the manager’s “best ideas” in the region. The Fund will be managed by David Hussey, who is the Head of Pan European Equities, for MFC Global Investment Management (Europe) Ltd., London.

Rebranding Strategy
As previously announced July 11, Manulife Investments has renamed the Elliott & Page and Manulife Investment Exchange Funds Corp. (MIX) fund families under Manulife Mutual Funds. This initiative has been undertaken to capitalize on the strength of Manulife’s brand and to simplify the naming convention for both advisors and investors. Elliott & Page has been renamed to Manulife Funds and MIX Funds has been renamed Manulife Corporate Classes. There are no changes to Manulife Simplicity Portfolios.

About Manulife Investments
Manulife Investments is the brand name describing certain Canadian subsidiaries and operating divisions of Manulife Financial Corporation that offer personal wealth management products and services in Canada. As one of Canada's leading integrated financial services providers, Manulife Investments offers a variety of products and services including segregated funds, mutual funds, annuities and guaranteed investment contracts.

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 Southeast Asia. As at June 30, 2007, assets managed exceeded C$240 billion (US$210 billion). Additional information about MFC Global Investment Management may be found at www.mfcglobal.com

MFC Global Investment Management®, Manulife and the block design are trademarks of The Manufacturers Life Insurance Company and are used by it and its affiliates including Manulife Financial Corporation.

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 is one of only two publicly traded life insurance companies with 'AAA'-rated insurance subsidiaries, the highest rating for financial strength at Standard & Poor's Rating Services.

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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Media contact:
Tom Nunn
Manulife Financial