An anonymous director reports

JOHN HANCOCK FINANCIAL OPPORTUNITIES FUND PORTFOLIO MANAGEMENT UPDATE

Manulife Financial Corp.'s John Hancock Advisers LLC has provided an update to the portfolio management team for the John Hancock Financial Opportunities Fund, a closed-end fund managed by John Hancock Advisers LLC and subadvised by Manulife Investment Management LLP.

Today, Lisa Welch announced her intention to retire on June 1, 2020. Over the coming months, she will continue to manage the portfolio and work closely with the investment team to ensure a smooth transition of management responsibility. Portfolio managers Ryan Lentell and Susan Curry will continue to manage the fund.

About Manulife Financial Corp.

John Hancock is a division of Manulife Financial, a leading international financial service group that helps people achieve their dreams and aspirations by putting customers' needs first and providing the right advice and solutions. The company operates primarily as John Hancock in the United States and as Manulife elsewhere. It provides financial advice, insurance, and wealth and asset management solutions for individuals, groups and institutions.

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