09:19     MANULIFE<00945> - Results Announcement                              

    Manulife Financial Corporation ("MFC") announced on 5/5/2005:             
    (stock code: 945)                                                         
    Year end date: 31/12/2005                                                 
    Currency: Canadian $                                                      
    (The bank of Canada noon rates for $1 Canadian were $6.45 Hong Kong       
    as at March 31, 2005 and $5.95 Hong Kong as at March 31, 2004)            
    Auditors' Report: N/A                                                     
    Review of annual consolidated financial statement by:                     
    Both Audit Committee and Auditors                                         
                                                                              
                                                                (Unaudited)   
                                               (Unaudited)      Last          
                                               Current          Corresponding 
                                               Period           Period        
                                               from 1/1/2005    from 1/1/2004 
                                               to 31/3/2005     to 31/3/2004  
                                               ('Million)       ('Million)    
    Turnover                                 : 7,638            4,140         
    Profit/(Loss) from Operations            : 1,225            643           
    Finance cost (note 1)                    : 194              99            
    Share of Profit/(Loss) of Associates     : -                -             
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities            : -                -             
    Profit/(Loss) after Tax & MI             : 800              423           
    % Change over Last Period                : +89%                           
    EPS/(LPS) (note 2)                                                        
            -Basic                           : $0.99            $0.92         
            -Diluted                         : $0.98            $0.91         
    Extraordinary (ETD) Gain/(Loss)          : -                -             
    Profit/(Loss) after ETD Items (note 3)   : 800              423           
    First Quarter Dividend per Common Share  : $0.30            $0.21         
    (Specify if with other options)          : N/A              N/A           
    Record Date for First Quarter Common                                      
     Share Dividend (note 4)                 : 17/5/2005 (at close of         
                                               business Hong Kong Time)       
    Payable Date                             : 20/6/2005                      
    Record Date for Annual Meeting           : N/A                            
    (at close of business Hong Kong time)                                     
    (note 4)                                                                  
                                                                              
    Remarks:                                                                  
                                                                              
    * The numbers in this standard form announcement are derived from the     
    unaudited consolidated financial statements of MFC for the periods ended  
    March 31, 2005 and 2004.                                                  
                                                                              
    Note 1:  Finance cost is derived from interest expense as reported in the 
    unaudited consolidated financial statements of MFC.                       
                                                                              
    Note 2:  Earnings per common share have been calculated using net income  
    attributable to common shareholders and the weighted average number of    
    common shares outstanding during the period. Diluted earnings per common  
    share have been calculated using net income attributable to common        
    shareholders and the weighted average number of common shares outstanding 
    during the period plus the dilutive effect of stock options and deferred  
    share units outstanding during the period.                                
                                                                              
    Note 3:  Profit after ETD Items includes the net loss attributable to     
    participating policyholders of $1 (2004 - loss of $2). Profit after ETD   
    Items attributable to shareholders is $801 (2004 - $425).                 
                                                                              
    Note 4:  The record dates set by the Board of Directors of MFC are close  
    of business Toronto time. The record dates reported in the form above are 
    the record dates for share transactions in Hong Kong only.                
                                                                              
    Note 5:  Certain of the prior period's figures have been restated to      
    conform with the current period's presentation. Turnover is now net of    
    investment expenses. Profit from Operations is now before deducting non-  
    controlling interest in subsidiaries.  Finance cost now includes trust    
    preferred securities issued by subsidiaries.  Net income has been restated
    to deduct dividends on preferred shares that are deemed to be liabilities.
                                                                              
    Note 6:  On April 28, 2004, MFC completed a merger with John Hancock      
    Financial Services, Inc. ("JHF"), the holding company of a United States  
    financial services group, under which MFC became the beneficial owner of  
    all of the outstanding common shares of JHF and JHF became a wholly owned 
    subsidiary of MFC. As a result of the merger, the combined company is the 
    largest life insurance company in Canada and the second largest in North  
    America, as measured by market capitalization.                            
                                                                              
    Note 7:  MFC is a company incorporated under the laws of Canada with a    
    secondary listing on The Stock Exchange of Hong Kong. The Company's       
    primary listing is on the Toronto Stock Exchange. The common shares of MFC
    were listed in Hong Kong by way of introduction on September 27, 1999. The
    audited consolidated financial statements of MFC are presented in         
    accordance with Canadian Generally Accepted Accounting Principles.        
                                                                              
    Note 8:  Visit our Web site www.manulife.com for financial statement      
    information.