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2005 News Releases

For Immediate Release

December 13, 2005

Manulife Opens Second School In Banda Aceh

BANDA ACEH– PT Asuransi Jiwa Manulife Indonesia (Manulife Indonesia) today officially opened the second “Manulife” school in Banda Aceh – SDN 28 MANULIFE – located in Kramat Village, Kuta Alam Subdistrict. The school is further proof of Manulife Indonesia’s commitment to the recovery and restoration of Aceh’s education sector following the tsunami disaster late last year.

“Manulife is proud of its active role in the restoration of the tsunami-stricken Aceh community,” said John Harrison, Manulife Indonesia President Director, at the school opening ceremony in Banda Aceh. “Our two Manulife schools in Banda Aceh serve as positive examples of the private sector’s involvement and dedication to the development of quality education throughout this province. Specific to Banda Aceh, Manulife has many recovery programs underway, including loans disbursements, counseling programs, premium holidays for customers and prompt claim payments.”

Also present at the SDN 28 MANULIFE opening ceremony were Manulife Indonesia’s Board of Directors, Manulife Aceh Branch executives, officials of the National Education Department of Banda Aceh Municipality and the school’s teachers and committee.

“SDN 28 MANULIFE was selected as the second Manulife school in Banda Aceh after going through a stringent community needs assesment survey in cooperation with the local government,” said Mr. Harrison. “The majority of students enrolled at this school come from very low income families and Manulife’s goal is to provide a comfortable learning envornment for these less fortunate students of society.”

SDN 28 MANULIFE is one of the schools in Banda Aceh that was directly impacted and destroyed by the tsunami. Since September 2005, Manulife Indonesia through the Manulife Care Foundation, has been renovating the school, making significant ehancements to the original structure by adding a newly outfitted library, new sports facilities, a principal’s office and common room for the teaching staff. The school, with a current enrollment of 165 studetns, lost 60 children to the December disaster – 10 confirmed deaths and 50 still considered missing. Three teachers also perished.

“Through the Manulife Care Foundation, Manulife Indonesia will provide ongoing support to SDN 28 MANULIFE beyond the repair and renovation work we have contributed so far,” added Mr. Harrison. “Items such as school bags, notebooks and briefcases for the teachers, that have been distributed to all staff and students, will be provided on an annual basis. We plan to provide continuous support to both this school and also SDN 25 MANULIFE in Lamprit, developing the facilities to become model schools in Kuta Alam Subdistrict, Banda Aceh.”

Contribution reinforces Manulife’s commitment to long-term recovery efforts in Aceh
The opening of SDN 28 MANULIFE is another addition to the list of concrete contributions the Company has accomplished for the recovery and restoration of Aceh following the tsunami disaster. Activities completed to date include:

  • For Manulife Agents/Employees that fell victim to the tsunami disaster: provision of shelter, clothing and food aid, health assistance and counseling, housing loans, compensation and low-interest loans.
  • For Policyholders in Aceh: One-year premium holiday program and commitment to prompt claim payments.
  • For the Community: restoration of two local schools and low-interest loan programs for small-scale business people in Aceh, through Credit Circles in cooperation with the Indonesian Women’s Business Association (IWAPI). To date, this program has provided capital for more than 120 people to open or re-open their businesses in Banda Aceh.

“Manulife Indonesia has a long history that spans 20 years of providing assistance to people and communities where it is most needed across Indonesia. As part of our ongoing strategy, Manulife Care Foundation has provided funds and volunteers to re-build schools, provide scholarships and textbooks, conduct blood donor and children’s dental clinics, and fund women’s credit circles, all for the betterment of Indonesian society,” concluded Mr. Harrison.

About Manulife Care Foundation
Manulife Care Foundation (MCF) was founded in 1998. It is a social institution established by PT Asuransi Jiwa Manulife to help and perform social activities for children’s education and health. It also provides natural disaster relief, and the venture capital, through Credit Circles, to create jobs for men and women living in poverty. In addition to its annual programs, Manulife Care also has hundreds of agency and employee volunteers ready to be dispatched for various social activities.

Funding for its social activities comes from donations made by Manulife Indonesia employees and agents, the company’s customers, and donations from Manulife Financial Corporation headquarters in Canada. For further information about Manulife Care programs and activities, please contact manulife_peduli_id@manulife.com or visit our website: www.manulife-indonesia.com.

About Manulife Indonesia
Established in 1985, Manulife Indonesia was chosen in 2003 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 mutual funds. Headquartered in Jakarta, Manulife Indonesia operates through a network of 112 branch offices in 32 cities throughout the country, supported by 5,000 employees and full-time professional agents who serve more than 950,000 customers.

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 most of 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$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:

Syarifudin Yunus
Manager, Corporate Communications
Manulife Indonesia
Tel: (021) 230-3224 ext. 1188
E-mail: Syarifudin_yunus@manulife.com
Patrick Atkins
Agency Director
Manulife Indonesia
Telp. (021) 230 3224/8
E-mail : Patrick_Atkins@manulife.com