Manulife Financial to Webcast analyst call on its offer to Canada Life (December 9, 2002)
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FOR IMMEDIATE RELEASE
December 9, 2002


Manulife Financial to Webcast analyst call on its offer to Canada Life

Toronto – Manulife Financial Corporation will Webcast an analyst conference call on Monday, December 9, 2002 at 11:00 a.m. [ET] to discuss its offer to acquire all the outstanding shares of Canada Life Financial Corporation.

The Webcast will feature Dominic D’Alessandro, President and Chief Executive Officer who will describe the proposed transaction that would create the largest insurance company in Canada and a global force in financial services.

A live audio feed and presentation slides will be accessible via the Manulife Financial Web site at http://www.manulife.com/corporate/corporate2.nsf/Public/Homepage. Archived recordings of the Webcast will be available at the same address from 5:00 p.m. [ET] on December 9th.

About Manulife Financial
Manulife Financial is a leading Canadian-based financial services group operating in 15 countries and territories worldwide. Through its extensive network of employees, agents and distribution partners, Manulife Financial offers clients a diverse range of financial protection products and wealth management services. Funds under management by Manulife Financial were Cdn$139.2 billion as at September 30, 2002.

Manulife Financial Corporation trades as ‘MFC’ on the TSX, NYSE and PSE, and under ‘0945’ on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com.

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For more information, please contact:

Media inquiries:
Donna Morrison
(416) 926-5226
donna_morrison@manulife.com
Institutional investor inquiries:
Edwina Stoate
1-800-795-9767 or (416) 926-3490
edwina_stoate@manulife.com


Shareholder and Policyholder inquiries:

Within North America:
1-800-322-2885 for English service
1-888-410-7852 for French service

United Kingdon/Continental Europe:
020-7864-9132

Ireland:
01-277-1029

Rest of the World:
Call Collect
(212) 929-5500





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