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Manulife Financial News

Manulife Financial extends small shareholder sales program

TORONTO, April 18 PRNewswire-FirstCall - Manulife Financial has extended its voluntary small shareholder sales program (the "Program") through which shareholders owning fewer than 100 shares (an "odd lot") of Manulife Financial Corporation common stock may elect to sell all of their shares.

Participating shareholders will receive the weighted average price of shares sold through the Program on the New York Stock Exchange open market during the week in which their shares are sold, less applicable Program fees. The Program began on February 5, 2008 in North America and will now expire at 5:00 p.m. (Eastern Time) on May 29, 2008. The Program has also been offered to odd-lot shareholders in Hong Kong and the Philippines from February 11, 2008 to May 29, 2008.

The Company's U.S. transfer agent, BNY Mellon Shareowner Services, is managing the Program with all sales being made through the New York Stock Exchange. Canadian account holders will receive their proceeds in Canadian dollars while all other account holders will receive proceeds in U.S. dollars.

Shareholders wishing additional information on the Program may find it online at http://www.corp-action.net/mfc or may contact BNY Mellon Shareowner Services by calling (North America) Toll Free 1-877-300-7100 or (Rest of World) call Collect to 1-201-680-6826.

About Manulife Financial

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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$396 billion (US$401 billion) as at December 31, 2007.

Manulife Financial is one of two publicly traded life insurance companies in the world whose rated life insurance subsidiaries hold Standard & Poor's Rating Services' highest "AAA" rating. 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.

SOURCE Manulife Financial

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