An anonymous director reports

MANULIFE INCREASES COMMON SHAREHOLDERS' DIVIDEND BY 9.6%

Manulife Financial Corp.'s board of directors has increased by 9.6 per cent or 3.5 cents per share its quarterly common shareholders dividend, resulting in a dividend of 40 cents per share on the common shares of Manulife Financial, payable on and after March 19, 2024, to shareholders of record at the close of business on Feb. 28, 2024.

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 Financial is a leading international financial service provider, helping people make their decisions easier and lives better. With its global headquarters in Toronto, Canada, it 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 its global wealth and asset management segment, it serves individuals, institutions and retirement plan members worldwide. At the end of 2023, it had more than 38,000 employees, over 98,000 agents and thousands of distribution partners, serving over 35 million customers. It trades as MFC on the Toronto, New York and Philippine stock exchanges, and under 945 in Hong Kong.