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UPDATED ON: Tuesday, May 01, 2007

Manulife Financial:

Paul L. Rooney,
Senior Executive Vice-President

From The Globe and Mail

Dominic D’Alessandro, President and Chief Executive Officer, Manulife Financial Corporation, is pleased to announce that Paul L. Rooney has been appointed Senior Executive Vice-President of Manulife Financial and General Manager of the Canadian Division.

Previously, Mr. Rooney was Canadian Division’s Chief Financial Officer, a position he held since March 2006. He became Executive Vice-President, Individual Insurance in April 2001, where he was responsible for all Individual Insurance activities, including Affinity and with joint responsibility for Distribution.

Mr. Rooney began his career with Manulife in 1986 in its Corporate Division as an actuarial student. In 1988, he was named Senior Actuarial Associate, U.S. Individual Marketing. In 1991, he was appointed Actuary of the U.S. Corporate Financial area. Three years later, he was promoted to Assistant Vice-President and Product Manager of U.S. Individual Marketing. In 1996, Mr. Rooney was named Vice-President and Chief Financial Officer, U.S. Savings and Retirement Services and North American Group Pensions, and in 1998, he was appointed Vice-President and General Manager of Affinity Markets.

Mr. Rooney holds an Honours Bachelor of Science from the University of Western Ontario and is a Fellow of the Society of Actuaries and the Canadian Institute of Actuaries.

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$414 billion (US$355 billion) as of December 31, 2006.

Manulife Financial Corporation trades as ‘MFC’ on the TSE, NYSE and PSE, and under ‘0945’ on the SEHK.


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