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2007 News Releases

For Immediate Release

November 29, 2007

Manulife Monthly High Income Fund celebrates 10 years of outstanding performance

Toronto - Manulife Mutual Funds, a division of Elliott & Page Limited, announced that it is celebrating the 10th anniversary of its award-winning Manulife Monthly High Income Fund. With just under $4 billion in assets under management, the Fund currently represents Manulife Mutual Funds’ most successful offering in its growing and highly diversified line-up of investment funds.

Managed since its inception by award-winning manager, Alan Wicks, Vice President and Senior Portfolio Manager, MFC Global Investment Management, the Fund represents a balanced income solution that is designed to provide a steady flow of tax-efficient income distribution targeted at six cents per unit per month and long term capital growth.1 The Fund’s success is largely attributed to Alan Wick’s value-based approach that focuses on buying the best companies at the right prices.

This highly successful process has produced top quartile performance over five and ten year time periods.2

“Alan has done a remarkable job managing this mandate since its inception” said Doug Conick, Vice President of Investment Funds for Manulife Investments. “His strict adherence to value investing has helped steer this Fund through some choppy waters since its launch. For investors, this has translated into risk-adjusted returns that have been greater than the market, its benchmark and peers. We are very proud of the record that we have achieved with this mandate and look forward to another ten years of successful investing.”

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 MFC Global Investment Management
MFC Global Investment Management is the asset management division of Manulife Financial. MFC Global Investment Management ’s diversified group of companies and affiliates provide comprehensive asset management solutions for institutional investors, investment funds and individuals in key markets around the world. 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 Asia. As at June 30, 2007, assets managed exceeded C$240 billion (US$210 billion). Additional information about MFC Global Investment Management may be found at www.mfcglobal.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.

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$399 billion (US$398 billion) as at September 30, 2007.

Manulife Financial is one of only two publicly traded life insurance companies with 'AAA'-rated insurance subsidiaries, the highest rating for financial strength at Standard & Poor's Rating Services.

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.

1 The target distribution is not guaranteed
2 Morningstar Canada, September 2007

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