Manulife Financial Completes Offering of $950 Million Principal Amount of Medium-term Notes

On June 26, 2008, Manulife Financial Corporation completed an offering of $550 million principal amount of 5.161 per cent medium-term notes due 2015 and $400 million principal amount of medium-term notes due 2018 pursuant to its medium-term note program. The notes were issued under a pricing supplement dated June 20, 2008 to Manulife's short-form base shelf prospectus dated March 12, 2007, and prospectus supplement dated March 27, 2007. The notes were offered through a dealer syndicate led by RBC Dominion Securities Inc. and TD Securities Inc.

Manulife was represented by Torys LLP with a team consisting of Sharon Geraghty, David Seville, Tom Yeo, Jonathan Gilhen, Tom Miller, Krista Stout and Joanne Barrett (Canadian securities); Andy Beck and Mark Tice (US securities); Blair Keefe (insurance regulatory); and Jim Welkoff (tax).

Manulife was represented in-house by senior vice president & deputy general counsel Richard Lococo, assistant vice president, senior counsel & assistant corporate secretary David Kerr, and assistant vice president and counsel Michael Ward.

The dealers were represented by Davies Ward Phillips & Vineberg LLP with a team consisting of Patricia Olasker, Mindy Gilbert, Raj Juneja, Mark O'Brien and Jonathan Ip (securities) and Raj Juneja (tax).

Lawyer(s)

Mindy B. Gilbert Sharon C. Geraghty Blair W. Keefe Raj Juneja Thomas H. Yeo James W. Welkoff Patricia L. Olasker Mark O'Brien Andrew J. Beck Jonathan Ip David A. Seville