2009 News Releases

Toronto – Manulife Mutual Funds, a division of Elliott & Page Limited, announced today that it is making temporary changes to the Manulife Money Fund and the Manulife Short Term Yield Class (the “Funds”) to respond to low interest rates on money market instruments in Canada and maintain a positive yield for securityholders.
Effective July 1, 2009, Manulife Mutual Funds is temporarily reducing the management fees on the Advisor Series of the Funds.

On certain series of the Funds, Manulife Mutual Funds pays dealers a trailer fee from the management fees collected. Trailer fees have been temporarily suspended, effective July 1, 2009.

Also effective July 1, 2009, the DSC and Low Load options for the Funds will be capped to all new purchases, however switches in from other Manulife Funds will still be permitted.

Manulife Mutual Funds may continue to waive fees as required to ensure positive returns for investors.

Manulife Mutual Funds may make further changes to the rate of the management fees and/or trailer fees, including increasing them to their previous levels or making further reductions as it considers advisable based on market conditions.

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 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$405 billion (US$322 billion) as at March 31, 2009.

Manulife Financial Corporation trades as ‘MFC’ on the TSX, NYSE and PSE, and under ‘945’ on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com.

Media inquiries:
Tom Nunn
Manulife Financial
519-594-8578
tom_nunn@manulife.com