Manulife Investments launches new Simplicity(TM) Income Portfolio

TORONTO, Dec. 5, 2005 – Manulife Mutual Funds, a division of Elliott & Page Limited, has launched a new Simplicity(TM) Income Portfolio.

Simplicity is a strategic asset allocation program offered both in mutual funds and segregated funds designed to help individuals achieve their financial goals while remaining aligned with their tolerance for risk. Assets in these portfolios have grown to more than $2.3 billion as of October 31, 2005.

Simplicity portfolios are constructed to address key investor needs, including; access to third-party, best-in-class asset managers, unbiased selection and ongoing monitoring of those asset managers, and comprehensive yet easy-to-understand quarterly reporting.

The Manulife Simplicity Income Portfolio brings together some of the most respected money managers in the industry to provide investors with a portfolio that combines Canadian government and corporate bonds, income trusts, dividend paying stocks and global bonds.

“The Simplicity Income Portfolio is a powerful solution because it directly addresses investors’ growing demand for income-producing investments, yet provides ongoing potential for growth as well”, said Doug Conick, Vice President, Investment Funds.

In addition, as with all Simplicity Portfolios, the Manulife Simplicity Income Portfolio will be available in a segregated fund version, allowing investors to benefit from valuable protection benefits and estate planning options. Simplicity Income Portfolio will be made available in Maritime contracts in January 2006.

As part of the amendment and restatement of the prospectus, Manulife Investments also introduced the Elliott & Page Strategic Income Fund. This global bond fund brings the asset management expertise of John Hancock Advisers to the Canadian retail mutual fund market and offers investors a unique approach to global fixed income management and access to a well diversified portfolio of US, Canadian and foreign bonds. This fund is available as a stand-alone fund, but is also included as a component of the Simplicity Income Portfolio.

About Manulife Investments

Manulife Investments is the brand name identifying the personal wealth management lines of business offered by Manulife Financial (The Manufacturers Life Insurance Company) and its subsidiaries 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$360 billion (US$310 billion) as at September 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.