2005 News Releases

Toronto– Manulife Mutual Funds, a division of Elliott & Page Limited, announced two changes to the 2005 simplified prospectus renewal effective August 19, 2005.

The first change is the appointment of Mawer Investment Management Ltd. (Mawer) as sub-advisor to the E&P Manulife Tax-Managed Growth Fund (formerly E&P Manulife Tax-Managed Growth Portfolio). The selection of Mawer as a sub-advisor for the E&P Manulife Tax-Managed Growth Fund follows an extensive manager search for an asset management firm with a proven track record in managing tax efficient assets for Canadian investors.

“This change reflects our continuing efforts to enhance our product line-up and provide investment solutions for both registered and non-registered investors,” said Rick Annaert, Vice President, Investment Products. “We believe Mawer’s expertise in tax efficient asset management will enhance our investment line-up and benefit unitholders in the fund over the long term.”

A second change to the prospectus reflects the launch of the Elliott & Page Core Canadian Equity Fund. The Fund is managed by Pat McHugh, Vice President and Senior Portfolio Manager for MFC Global Investment Management. Pat has over 20 years of experience and is responsible for managing MFC Global’s Canadian Large Cap Core mandates. Rick Annaert added, “We are pleased to make this new Fund available as it enhances our comprehensive line-up of Canadian equity funds.”

About Mawer Investment Management Ltd.
Mawer Investment Management Limited, headquartered in Calgary, Alberta, is a privately owned Investment Counselling and Portfolio Management firm, founded in 1974. Mawer manages investment portfolios for individuals and institutions through segregated and pooled approaches. Total assets under management are approximately $2.7 billion.

About MFC Global Investment Management
MFC Global Investment Management is the diversified investment management group of Manulife Financial, with investment offices in the United States, Canada, the United Kingdom, Japan, Australia, Hong Kong, and throughout Southeast Asia. MFC Global has more than 100 years of experience managing portfolios for The Manufacturers Life Insurance Company, John Hancock Life Insurance Company, and other major clients. With more than C$200 billion in assets under management, MFC Global Investment Management is a leading global investment management group.

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.

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$364 billion (US$297 billion) as at June 30, 2005.

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.

For more information about Manulife Mutual Funds, visit www.manulife.ca.

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Media contact:

Manulife Financial
Tom Nunn(519) 594-8578
tom_nunn@manulife.com