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2007 News Releases

For Immediate Release

August 1, 2007

John Hancock Funds Adds New Retirement Portfolio Calculator to Web Site

Using Monte Carlo simulation, shows probabilities under model portfolio

Boston– John Hancock Funds recently launched a new retirement portfolio calculator on its award-winning web site, www.jhfunds.com. Visitors to the John Hancock Funds site will find the calculator by selecting the “Retirement Planning” tab at the top of the home page, choosing “Tools and Calculators” and then “Preparing for Retirement.” By adjusting the sliders to view different annual withdrawal rates and distribution periods, investors will see a projected probability of success, defined as a percentage chance of retirement portfolio survival.

The goal of the Lifecycle Retirement Portfolio Probability Calculator is to show the results of a model portfolio built with the same asset allocation as the John Hancock Lifecycle Retirement Portfolio. The Calculator represents the probability that such a portfolio would last throughout retirement, given different retirement lengths and annual withdrawal rates. The chance of portfolio survival was projected using Monte Carlo simulation, which is useful for modeling outcomes with significant uncertainty and variety of inputs.

“During retirement, making your money last is critical. The insights gained from our Retirement Portfolio Calculator can help investors select a lifelong investment solution and more efficiently plan for their retirement,” said Carey Foran Hoch, Senior Vice President, Marketing, John Hancock Funds. “Our calculator runs more than 5,000 simulations for 14 different asset classes, which makes it fairly unique in the marketplace.”

John Hancock Funds launched its redesigned, content-rich web site in June of 2006, featuring customized views for its individual investor, financial adviser, broker-dealer and home office sales audiences. The site also offers expanded tools and services. The Retirement Portfolio Calculator is the latest innovation offered on the site.

The John Hancock Lifecycle Retirement Portfolio became available to investors, through their financial advisers, early this year. The Retirement Portfolio is the ninth in a series of John Hancock Lifecycle, or target-date, Portfolios. Investors choose to invest in a particular Lifecycle portfolio based on their projected target date of retirement. For investors in retirement, the John Hancock Retirement Portfolio employs active allocation and varying amounts of equity exposure, as it aims to provide investment stability throughout a presumed lengthy period of retirement, including during periods of market volatility. Its goal is to maintain a low probability of negative returns in any 12-month period. This consistent, long-term approach to capital preservation and growth is aimed at allowing investors to maintain a regular withdrawal rate over an extended period of time.

About John Hancock Funds
The Boston-based mutual fund business unit of John Hancock Financial Services, John Hancock Funds manages more than $56 billion in open-end funds, closed-end funds, private accounts, retirement plans and related party assets for individual and institutional investors at March 31, 2007. For more information, please visit www.jhfunds.com.

John Hancock Financial Services is a unit of Manulife Financial Corporation, 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$426 billion (US$370 billion) at March 31, 2007. Manulife Financial Corporation trades as ‘MFC’ on the TSX, NYSE and PSE, and under ‘0945’ on the SEHK. Manulife Financial may be found on the Internet at www.manulife.com.

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Beth McGoldrick