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2007 News Releases

For Immediate Release

March 23, 2007

Manulife Mutual Funds appoints highly respected sub-advisor to lead MIX Global Equity Class

Toronto - Manulife Mutual Funds, a division of Elliott & Page Limited, announced today that Capital Guardian will assume sub-advisor responsibilities for the MIX Global Equity Class, effective June 1, 2007.

“We are pleased to add Capital Guardian to the list of highly regarded institutional managers that sub-advise Manulife Mutual Funds,” said Doug Conick, Vice President, Investment Funds.

Capital Guardian is committed to long-term investment success through their globally integrated fundamental research, unique investment process and organizational stability. Capital Guardian replaces Goldman Sachs Asset Management, L.P. as sub-advisor on the Fund.

“This change will provide MIX investors with access to this well respected institutional investment manager,” added Mr. Conick.

About Capital Guardian
Capital Guardian is part of The Capital Group Companies, Inc., a global investment management organization that manages assets for institutional accounts and publicly owned mutual funds and unit trusts. As one of the world’s largest investment managers, the Capital organization participates in global equity and fixed-income markets on behalf of a diverse group of 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.

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