Manulife Bank of Canada and Edward Jones join forces to offer attractive RRSP loan program

Waterloo, ON (Nov. 7, 2001) – Manulife Bank of Canada and Edward Jones have entered into an agreement to offer Manulife Bank RRSP loans to Edward Jones’ individual investors.

“In teaming up with Edward Jones, Manulife Bank will continue to offer investors an attractive and convenient investment option, while continuing to increase our breadth in the marketplace,” says J. Roman Fedchyshyn, President and Chief Executive Officer of Manulife Bank. “Edward Jones’ individual investors are sure to be pleased with the options this new offering presents.” Manulife Bank has successfully offered RRSP loans to independent financial advisors since 1995. This new initiative will further build on this success.

Borrowing to invest in RRSPs can work for the right individual by helping to maximize the potential for a larger pool of funds at retirement. It can also provide tax savings in the present.

“We realize that many investors want to maximize their portfolio’s long- term growth by topping-up their RRSP contribution. This offer provides investors with a convenient way to accomplish their savings objectives,” says Mr. Fedchyshyn.

Gary Reamey, Canadian Principal of Edward Jones states: “We welcome this addition to our already comprehensive product selection, and with Manulife’s progressive reputation in financial services we expect this opportunity to prove attractive to our customers.”

Manulife Bank was the first federally regulated bank opened by a life insurance company and was established to assist in the sale of Manulife Financial’s core insurance and money products.

About Manulife Financial

Manulife Financial is a leading Canadian-based financial services company operating in 15
countries and territories worldwide. Through its extensive network of employees, agents
and distribution partners, Manulife Financial offers clients a diverse range of financial
protection products and wealth management services.

Funds under management by Manulife Financial (Manulife Financial Corporation
and its affiliated companies) were Cdn$134.6 billion as at September 30, 2001.

Manulife Financial Corporation trades as ‘MFC’ on the TSE, NYSE and PSE,
and under ‘0945’ on the SEHK. Manulife Financial can be found on the Internet at

About Edward Jones

Edward Jones is a full-service investment dealer with one of the largest branch networks
in Canada. It is a member of the Investment Dealers Association of Canada, and the
Canadian Investor Protection Fund and a participating organization of the Toronto Stock
Exchange. Including its affiliates, Edward Jones serves over 5 million individual
investors and business owners in Canada, the U.S. and the U.K. from more than 7,900
locations. Their Canadian head office is in Mississauga, Ontario.

Edward Jones can be found on the Internet at

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