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2006 News Releases

For Immediate Release

February 6, 2006

Manulife & Bank Niaga co-launch “Arjuna Imperial Protection”

A unit link product designed specifically to provide optimal protection and investment yields

Jakarta – Bank Niaga Tbk., in cooperation with PT Asuransi Jiwa Manulife Indonesia (Manulife Indonesia) today launched a new unit link product ‘Arjuna Imperial Protection,’ designed specifically to provide insurance protection and optimal investment for Bank Niaga customers for the duration of five years, through a single-premium payment scheme.

Arjuna Imperial Protection offers three choices of programs. They are: 1) Silver Program, which offers life insurance protection (death benefit), Accident and Total Permanent Disability benefit; 2) Gold Program, which offers the same benefits as Silver Program plus protection for six critical illnesses (cancer, heart failure, kidney failure, stroke, main organ transplant and coronary artery bypass operation); and, 3) Platinum Program, which offers the same benefits as Gold Program plus Cash Funds for Hospital Treatment.

There is no spread between the offer price and bid price for Arjuna Imperial Protection. The unit price used for assessing a policy value is the Bid Price that can be monitored on www.manulife-indonesia.com or in leading business newspapers. The fund will be completely invested in the investment portfolio chosen by the customer and there will be no deduction for insurance expense.

Arjuna Imperial Protection offers many investment portfolios from which customers can choose. They are: Manulife Dana Pasar Uang (Money Market Fund), Manulife Pendapatan Tetap Negara (Government Fixed Income Fund), Manulife Pendapatan Tetap Korporasi (Corporate Fixed Income Fund), Manulife Pendapatan Tetap Dollar (Dollar Fixed Income Fund) and Manulife Dana Ekuitas (Equity Fund).

Lynna A. Muliawan, Bank Niaga’s EVP - Head of Preferred Banking stated that products with insurance protection benefits and good investment feature have great potentials and can still be developed especially in affluent segment, which is one of the bank’s current target markets. ”Providing the best service and offering beneficial products for customers by entering alliances with strategic partners is our business strategy for our bank’s main services,” said Lynna.

“We believe that Manulife and Bank Niaga share similar business ethics and company values. This synergy is a strategic cooperation set up to ensure that both parties will successfully create additional value for customers,” said Naresh Krishnan, Senior Vice President Wealth Management, Manulife Indonesia.

Over the past 50 years, Bank Niaga has progressively become one of the largest five banks in Indonesia and is the primary retail bank in Indonesia. “We are very happy with our bancassurance alliance with Bank Niaga and we will continue developing this alliance through the next year,” added Naresh.

About Bank Niaga Tbk
Bank Niaga is one of the leading private banks in Indonesia and currently it is the 7th biggest bank in Indonesia, asset wise. Since November 22, 2002, Bank Niaga has become a subsidiary of Bumiputra-Commerce Holdings Berhad (formerly Commerce Asset-Holding Berhad), in which the Malaysian company held a 51% stake at that time. Until December 2005, BCHB has held a 64.25% stake in Bank Niaga. Together with BCHB, Bank Niaga now is supported by strong shareholders, quality human resources and a commitment for continuous business expansion. By using the latest banking technology, Bank Niaga customers now can enjoy its services through unlimited access, anytime and anywhere, through a range of choices such as its branches, ATMs and join ATMs network, SST Niaga, Niaga Access 14041 (single-number phone banking), Niaga Global@ccess (internet banking) and Niaga Ponsel Access (mobile banking).

About Private Banking and Preferred Circle
Private Banking and Preferred Circle are premier service units for Bank Niaga’s High Networth Individual customers. Since 1991, Preferred Circle as exclusive banking service was set up with an objective to build the bank’s relationship with its customers and the customers’ loyalty. Preferred Circle is focused on providing convenience in transactions and optimizing customers’ assets management. In 1994, in line with the desire to provide more excellent services for its customers, Bank Niaga set up Private Banking unit that is focused on Wealth Management services. Since 2004, Bank Niaga’s Private Banking unit has become a subsidiary of Bumiputra-Commerce Holdings Berhad that is supported by global investment network.

Now Preferred Circle network has grown to 34 service offices in 15 big cities all over Indonesia with total assets under management as of Dec. 2005 amounted to IDR 9.2 T and its number of customers accounts for more than 1% of Bank Niaga’s total consumer customers. The Private Banking unit has 1 head office in Jakarta and 1 branch in Surabaya with total assets under management as of Dec. 2005 amounted to IDR 2.5 T.

About Manulife Indonesia
Established in 1985, PT Asuransi Jiwa Manulife Indonesia was the only life insurance company that won “Corporate Social Responsibility (CSR) Award 2005”. In 2003 Manulife Indonesia was also chosen as ‘Indonesia's Most Admired Company (IMAC)’ in the Insurance category by Frontier Marketing Research & Business Week magazine. In 2002, the Company was awarded the title of ‘Life Insurance Company of the Year in Asia’ by Asia Insurance Review, a respected insurance publication in Asia.

Manulife Indonesia offers the most comprehensive products and services in the Indonesian industry of life insurance, employee benefits and investment management (mutual funds & bancassurance). Headquartered in Jakarta, Manulife Indonesia operates through a network of 112 branch offices in 35 cities throughout the country, supported by 5,000 employees and full-time professional agents who serve more than 950,000 customers.

Manulife Indonesia is a member of Manulife Financial, a leading Canadian-based financial services group serving millions of customers in 19 countries and territories worldwide. Funds under management by Manulife Financial and its subsidiaries were Cdn$360 billion (US$310 billion) as at September 30, 2005.

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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For further information, please contact:

Manulife Indonesia
Vera Margaret
Alternative Distribution/Bancassurance
Manulife Indonesia
Tel: 62-21-230 3224/8
Fax: (62-21-310 7832)
E-mail: Erie_firmanto@manulife.com
Website: www.manulife-indonesia.com
Bank Niaga Tbk
Noviana Purnamasari
Business Support & Marketing Communication
Preferred Circle Group – Preferred Banking
Tel: 021-2505040 atau 021-2505151 ext. 5485
Fax: 021 – 5276053
E-mail: noviana@bniaga.co.id
Website: www.bankniaga.com