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2007 News Releases

For Immediate Release

August 10, 2007

John Hancock Patriot Select Dividend Trust (NYSE–DIV) Adjourns Shareholder Meeting On Reorganization of DIV into John Hancock Patriot Premium Dividend Fund II

Boston– John Hancock Patriot Select Dividend Trust (NYSE: DIV) today announced that its shareholder meeting to consider approval of the reorganization of DIV into John Hancock Patriot Premium Dividend Fund II (NYSE: PDT) has been adjourned until September 20, 2007, to allow more shareholder votes to be cast. The record date for shareholders of DIV entitled to vote on the reorganization and related matters is February 12, 2007. The adjourned shareholder meeting for DIV is scheduled to take place at the offices of DIV on Thursday, September 20, 2007, commencing at 10 a.m. EST. If approved by shareholders, the reorganization of DIV is scheduled to close on October 10, 2007, subject to the satisfaction of certain conditions.

In the reorganization, common shareholders of DIV will receive newly-issued common shares of PDT. The aggregate net asset value of the new common shares will equal the aggregate net asset value of the common shares held immediately prior to the reorganization. Preferred shareholders of DIV will receive newly-issued preferred shares of PDT, the aggregate liquidation preference of which will equal the aggregate liquidation preference of the preferred shares held immediately prior to the reorganization. The auction dates, rate period and dividend payment dates of the preferred shares of PDT received in the reorganization will be the same as that of the preferred shares held immediately prior to the reorganization.

In the event the common shareholders or preferred shareholders of DIV do not approve the reorganization, then DIV will continue its current operations. There is no assurance that the requisite shareholder approval will be obtained. It is expected that if approved and consummated the transaction will qualify as a tax-free reorganization for federal income tax purposes.

Other Recent John Hancock Patriot Closed-End Fund Reorganizations
As initially announced on December 6, 2006, in addition to the reorganization of DIV into PDT, the board of trustees and the shareholders of each of three other Patriot closed-end funds sponsored by John Hancock Advisers, LLC approved their reorganization into PDT. The status of each of these transactions follows.

As announced on May 30, 2007, the acquisition of the assets and assumption of the liabilities of John Hancock Patriot Preferred Dividend Fund (NYSE: PPF) by PDT took place at the close of business on May 29, 2007.

As announced on June 5, 2007, the acquisition of the assets and assumption of the liabilities of John Hancock Patriot Global Dividend Fund (NYSE: PGD) by PDT took place at the close of business on June 4, 2007.

As announced on June 26, 2007, the acquisition of the assets and assumption of the liabilities of John Hancock Patriot Premium Dividend Fund I (NYSE: PDF) by PDT took place at the close of business on June 25, 2007.

About Manulife Financial and John Hancock
John Hancock Funds, the mutual fund business unit of John Hancock Financial Services, offers a broad array of investment products, including open-end and closed-end funds, privately managed accounts, 529 plans and retirement accounts to retail and institutional investors. As of June 30, 2007 investors entrusted John Hancock Funds with more than $59 billion in assets. Additional information about John Hancock Funds can be found on the website: http://www.jhfunds.co.

John Hancock is a unit of Manulife Financial Corporation, 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.

The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in the United States. John Hancock offers a broad range of financial products and services, including life insurance, fixed and variable annuities, mutual funds, 401(k) plans, long term care insurance, college savings, and other forms of business insurance.

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Contact:
Roy Anderson
(617) 663-4746
rvanderson@jhancock.com