2006 News Releases

Toronto – Manulife Financial has announced the appointment of Paul Rooney as Senior Executive Vice President and General Manager, Canada, and Robert A. Cook as Senior Executive Vice President and General Manager, Asia.

Mr. Cook, currently Executive Vice President, U.S. Protection, will assume his new role on Jan. 1, 2007, succeeding Vic Apps, who is retiring. Mr. Rooney, currently Executive Vice President, Individual Insurance and Chief Financial Officer, Canadian Division, will assume his new role early in 2007 upon the retirement of Bruce Gordon.

“I am pleased that the exceptional depth of our management team allows us to make changes of this nature with the full confidence that our business will continue to grow and succeed,” said Dominic D’Alessandro, President and Chief Executive Officer.

Mr. Rooney joined Manulife in 1986, and held various actuarial positions in the Corporate and U.S. Divisions prior to joining Canadian Division in 1998 as Vice President and General Manager of the Affinity Markets business. He became Executive Vice President for Individual Insurance in 2001, and was named Chief Financial Officer of Canadian Division in March 2006. Mr. Rooney holds an Honours Bachelor of Science from the University of Western Ontario and is a Fellow of the Society of Actuaries and the Canadian Institute of Actuaries.

“Manulife is a market leader in Canada, and it has always made me proud to represent a company that stands for the best ideals in business,” Mr. Rooney said. “My goal is to stay focused on our core beliefs of acting professionally and doing the right thing, while delivering value to our customers.”

Mr. Cook joined Manulife in 1978, and in his 28 years with the Company he has held management positions in Manulife’s U.S., Canadian, International and Corporate divisions, in areas including strategic planning, product management for insurance and annuities, sales and marketing. Mr. Cook is a graduate of the Universities of Toronto and Calgary and holds an M.B.A. in Finance.

“Asia has been an area of significant growth for Manulife over the years,” Mr. Cook said. “I’m excited about the many strong businesses we have there, as well as the opportunity to build on Vic’s success in each of the markets in which we operate.”

Mr. Apps has agreed to remain as non-executive chairman of Manulife (International) Limited, the holding company for Manulife’s Asian operations in Hong Kong, Macau, Taiwan and Manulife’s joint venture in China, Manulife-Sinochem. He will also continue to serve on the boards of Manulife’s other Asian subsidiaries and represent the Company in the many communities in which Manulife operates across Asia.

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$381 billion (US$341 billion) as at September 30, 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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