John Hancock Financial Opportunities Fund Enters Into A Credit Facility

   John Hancock Financial Opportunities Fund Enters Into A Credit Facility

PR Newswire

BOSTON, Feb. 4, 2013

BOSTON, Feb. 4, 2013 /PRNewswire/ -- John Hancock Financial Opportunities
Fund, formerly known as John Hancock Bank and Thrift Opportunity Fund (NYSE:
BTO) (the "Fund"), a John Hancock Closed-End Fund, announced today that it
entered into a credit facility ("Credit Facility") with Bank of America, N.A.,
a subsidiary of Bank of America Corporation. This comes after a special
meeting of shareholders held on January 18, 2013, at which shareholders
approved an amendment to the Fund's fundamental investment restriction to
permit the Fund to engage in leverage by borrowing.

Under the Credit Facility, the Fund will have the ability to borrow up to $110
million from Bank of America, N.A. The Credit Facility will provide the Fund
with flexibility to use the proceeds of borrowed money to take advantage of
market opportunities by investing in additional portfolio securities. The
Fund's utilization of the Credit Facility is expected to be implemented over
time. Additional information regarding the Credit Facility, as well as the
Fund's use of borrowings, will be disclosed in the Fund's next semi-annual
shareholder report for the six months ending April 30, 2013.

Bank of America Corporation, through its subsidiaries, provides various
banking and financial products and services to individual consumers, small-and
middle-market businesses, institutional investors, corporations, and
governments in the United States and internationally.

In addition to the implementation of leverage, over the past six months the
Board of Trustees has implemented other important initiatives designed to
enhance shareholder value, including a 30% increase in the annualized
distribution rate from 5.0% of the Fund's net asset value to 6.5% of the
Fund's net asset value under the Fund's managed distribution plan (the "Plan")
and amending the Fund's 80% investment policy to provide the investment team
with greater flexibility to take advantage of market opportunities by
investing in a broader range of financial services companies.

Distributions under the Plan may consist of net investment income, net
realized long-term capital gains, net realized short-term capital gains and,
to the extent necessary, return of capital. The Fund may at times distribute
more than its net investment income and net realized capital gains; therefore,
a portion of the distribution may result in a return of capital. A return of
capital may occur, for example, when some or all of the money that
shareholders invested in the Fund are paid back to them. A return of capital
does not necessarily reflect the Fund's investment performance and should not
be confused with "yield" or "income." Although the Fund has adopted the Plan,
it may discontinue the Plan.

Statements in this press release that are not historical facts are
forward-looking statements as defined by the United States securities laws.
You should exercise caution in interpreting and relying on forward-looking
statements because they are subject to uncertainties and other factors which
are, in some cases, beyond the Fund's control and could cause actual results
to differ materially from those set forth in the forward-looking statements.

An investor should consider the Fund's investment objectives, risks, charges
and expenses carefully before investing.

About John Hancock Funds
The Boston-based mutual fund business unit of John Hancock Financial, John
Hancock Funds, manages more than $77.9 billion in open-end funds, closed-end
funds, private accounts, retirement plans and related party assets for
individual and institutional investors at September 30, 2012.

About John Hancock Financial and Manulife Financial Corporation
John Hancock Financial is a unit of Manulife Financial Corporation, a leading
Canadian-based financial services group serving millions of customers in 22
countries and territories worldwide. Operating as Manulife Financial in Canada
and in most of Asia, and primarily as John Hancock in the United States,
Manulife Financial Corporation offers clients a diverse range of financial
protection products and wealth management services through its extensive
network of employees, agents and distribution partners. Funds under management
by Manulife Financial and its subsidiaries were Cdn$515 billion (US$523
billion) at September 30, 2012.

Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and
under '945' on the SEHK. Manulife Financial can be found on the Internet at
www.manulife.com.

The John Hancock unit, through its insurance companies, comprises one of the
largest life insurers in the United States. John Hancock offers a broad range
of financial products and services, including life insurance, annuities, fixed
products, mutual funds, 401(k) plans, long-term care insurance, college
savings, and other forms of business insurance. Additional information about
John Hancock may be found at www.johnhancock.com.

SOURCE John Hancock Funds

Website: http://www.johnhancock.com
Contact: Media, Jay Aronowitz, +1-617-663-2702; Investors, 800-843-0090