An anonymous director reports

MANULIFE DECLARES COMMON SHARE DIVIDEND

Manulife Financial Corp.'s board of directors today declared a quarterly common shareholders dividend of 36.5 cents per share on the common shares of Manulife, payable on and after June 19, 2023, to shareholders of record at the close of business on May 24, 2023.

In respect of the company's Canadian dividend reinvestment and share purchase plan and its U.S. dividend reinvestment and share purchase plan, the company will purchase common shares on the open market in connection with the reinvestment of dividends and optional cash purchases under these plans. The purchase price of these common shares will be based on the average of the actual cost to purchase them and there are no applicable discounts.

About Manulife Financial Corp.

Manulife is a leading international financial services provider, helping people make their decisions easier and lives better. With its global headquarters in Toronto, Canada, the company provides financial advice and insurance, operating as Manulife across Canada, Asia and Europe, and primarily as John Hancock in the United States. Through Manulife Investment Management, the global brand for the company's global wealth and asset management segment, the company serves individuals, institutions and retirement plan members worldwide. At the end of 2022, Manulife had more than 40,000 employees, over 116,000 agents and thousands of distribution partners, serving over 34 million customers. Manulife trades as MFC on the Toronto Stock Exchange, New York Stock Exchange and the Philippine Stock Exchange, and under 945 in Hong Kong.