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2007 News Releases

For Immediate Release

March 29, 2007

Manulife Mutual Funds announces Lipper Award Winner

Toronto - Manulife Mutual Funds (a division of Elliott & Page Limited) is proud to announce that the Elliott & Page Core Canadian Equity Fund has been recognized for excellence in the investment industry at the Lipper Fund Awards 2007.

The Elliott & Page Core Canadian Equity Fund, managed by Pat McHugh, Vice President and Senior Portfolio Manager, MFC Global Investment Management, placed first in the Canadian Equity (Pure) Fund category, in recognition of the Fund’s consistently strong risk-adjusted performance relative to its peers.

The Lipper Fund Awards is part of a global programme of events, held in 21 countries, to reward funds that have delivered consistently strong risk-adjusted performance relative to their peers. The winners are selected using the Lipper Leader rating for consistent return. For more information on Lipper Leaders, please visit www.lipperweb.com

“We are very pleased that Pat and the Elliott & Page Core Canadian Equity Fund have received this prestigious honour. Pat’s excellent work within this highly competitive category has produced outstanding risk-adjusted returns. The fact that this Fund has now been recognized as a true leader in its category underscores our efforts to provide Canadian investors with access to top ranked money management to help them meet their financial goals.” said Doug Conick, Vice President, Investment Funds for Manulife Investments.

Pat joined MFC Global Investment Management in 2001 and has over 25 years of experience managing Canadian equities for both retail and institutional clients.

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.

MFC Global Investment Management® is the brand name identifying the diversified investment management group of Manulife Financial, with investment offices in the United States, Canada, the United Kingdom, Japan, Hong Kong, and throughout Southeast Asia. With more than C$240 billion in assets under management, MFC Global Investment Management® is a leading global investment management group.

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$414 billion (US$355 billion) as at December 31, 2006.

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