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2007 News Releases

For Immediate Release

October 16, 2007

Manulife Financial Corporation Enters Into Automatic Share Repurchase Plan

Toronto– Manulife Financial Corporation announced today that it has entered into a pre-defined plan with a designated broker to allow for the repurchase of its common shares under its previously announced normal course issuer bid at times when Manulife Financial Corporation ordinarily would not be active in the market due to its own internal trading blackout periods, insider trading rules or otherwise.

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$410 billion (US$386 billion) as at June 30, 2007.

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 more information, please contact:

Media inquiries:
Patti Vernon
(416) 852-8248
patti_vernon@manulife.com
Investor Relations:
Patricia Kelly
1-800-795-9767
investor_relations@manulife.com