Mr. Recep Kendircioglu reports

MANULIFE INVESTMENT MANAGEMENT COMPLETES ACQUISITION OF SERVERFARM

Manulife Financial Corp.'s Manulife Investment Management, on behalf of Manulife Infrastructure Fund II and its affiliates, has completed the acquisition of a controlling interest in Serverfarm LLC, a global innovator in data centre development, operation and management.

This transaction, together with continuing financial support from Manulife Investment Management and NantCapital LLC (NANT), will enable Serverfarm to accelerate the expansion of its data centre portfolio and enhance the market reach of InCommand, its leading cloud based DMaaS (data-centre-management-as-a-service) platform.

"We are excited to be joining the next chapter of Serverfarm's growth," said Recep Kendircioglu, global head of infrastructure, Manulife Investment Management. "Avner and the Serverfarm team have built a powerful platform and strong customer relationships. With this transaction, Serverfarm is even more well positioned to serve customers' increasing demands for data centre capacity."

"With Manulife Investment Management's support, we will accelerate Serverfarm's growth strategy in existing and new markets," said Avner Papouchado, founder and chief executive officer of Serverfarm. "It is also an investment in Serverfarm's continuing commitment to customer growth through partnership by meeting their individual data centre objectives across capex, opex, efficiency and sustainability."

"Investment in data centres at Serverfarm and Layer 1 fibre infrastructure is key in meeting NANT's initiatives of funding and building cloud-based infrastructure," said Patrick Soon-Shiong, founder and chairman of NANT. "The strategic partnership with Manulife Investment Management adds to the potential of the data centres at Serverfarm to expand its global role in addressing the expanding infrastructure needs of cloud computing and AI in this digital era."

Serverfarm's provision of strategic guidance, technology expertise, alongside bespoke services based on commercial property is unique in the commercial data centre market. Serverfarm currently operates a portfolio of eight data centres across North America, Europe and Israel that aggregates more than 1.5 million gross square feet and 125 megawatts of IT capacity, and it has secured additional land for future data centre developments. With over 750 sites already managed by InCommand DMaaS, it is the cloud platform of choice for enterprises, cloud services and commercial data centre providers to manage their distributed data centre assets. As part of the transaction, Avner Papouchado will continue as CEO and both NANT and Mr. Papouchado will retain a significant ownership interest in Serverfarm.

The acquisition closed on Sept. 1, 2023.

About Manulife Financial Corp.

Manulife Investment Management is the global brand for the global wealth and asset management segment of Manulife Financial. It draws on more than a century of financial stewardship and the full resources of its parent company to serve individuals, institutions and retirement plan members worldwide. Headquartered in Toronto, its extensive capabilities in public and private markets are strengthened by an investment footprint that spans 19 geographies. Manulife IM complements these capabilities by providing access to a network of unaffiliated asset managers from around the world. It is committed to investing responsibly across its businesses. Manulife IM develops innovative global frameworks for sustainable investing, collaboratively engage with companies in its securities portfolios, and maintains a high standard of stewardship where it owns and operates assets, and the company believes in supporting financial well-being through its workplace retirement plans. Today, plan sponsors around the world rely on the company's retirement plan administration and investment expertise to help their employees plan for, save for and live a better retirement. Not all offerings are available in all jurisdictions.

About Serverfarm LLC

Serverfarm is an established multiregional data centre platform that provides data centre solutions to key hyperscale, webscale, technology and network customers. These data centre solutions include co-location, data centre design and IT infrastructure management, through Serverfarm's proprietary InCommand DMaaS (data-management-as-a-service) technology.