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2007 News Releases

For Immediate Release

August 1, 2007

Jim Schetakis joins MFC Global as Vice President of Tactical Asset Allocation Portfolios

Toronto – Jim Schetakis has joined MFC Global Investment Management as a Vice President and Senior Portfolio Manager of Tactical Asset Allocation Portfolios, Mark Schmeer, MFC Global Senior Vice President and Managing Director, North American Equities, said today. His appointment is effective immediately.

Mr. Schetakis, who will report to Mr. Schmeer, will join the MFC Global team running asset allocation funds that employ tactical asset allocation overlays.

“We’re very pleased to have Jim join the MFC Global asset allocation team. His experience and solid investment track record will only further strengthen our team,” Mr. Schmeer said. “Asset allocation is one of MFC Global’s core strengths as we use a highly disciplined, analytical process to develop portfolios that deliver strong performance and are accurately and consistently matched to client's risk and return expectations.”

Mr. Schetakis joins MFC Global from Caisse de dépôt et placement du Québec where he had managed US equities and a market neutral hedge fund. Prior to Caisse, he worked for the Ontario Hydro Pension fund in several roles including managing US equities, fixed income securities and real estate.

He graduated from the University of Toronto with a B.A. in Economics. He holds the CFA designation.

About MFC Global Investment Management
MFC Global Investment Management® represents the diversified investment management group of Manulife Financial. MFC Global Investment Management companies and affiliates provide asset management strategies for institutional investors, investment funds and individuals. 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 March 31, 2007, assets managed exceeded C$240 bil. (US$210 bil.). Additional information about MFC Global Investment Management may be found at www.mfcglobal.com.

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.

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.

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Brian Carmichael