Manulife Mutual Funds announces completion of fund changes

TORONTO - Manulife Mutual Funds announced that it has streamlined its mutual fund offering by discontinuing the following four funds effective December 18, 2009 (the "Termination Date"):

- Value Leaders Maximum Growth Portfolio
- AIC American Advantage Corporate Class
- AIC Global Advantage Corporate Class
- AIC Global Premium Dividend Income Corporate Class
(collectively, the "Terminating Funds")

"The termination of these four funds will allow Manulife Mutual Funds to concentrate resources in other mandates that will better serve the interests of our investors," said Jeff Ray, Assistant Vice President, Mutual Fund Products. "The decision to terminate the four funds was based on streamlining the product offering and reducing costs associated with managing smaller funds," added Mr. Ray.

Prior to the Termination Date, shareholders of the Terminating Funds received a notice outlining their options to redeem their investments or to switch to another fund within the Manulife AIC Fund family. Manulife Mutual Funds continues to provide investors with access to a fully diversified family of mutual funds that cover a range of financial needs.