Manulife Financial completes Subordinated Debenture offering

         Manulife Financial completes Subordinated Debenture offering

PR Newswire

TORONTO, Feb. 25, 2013

TORONTO, Feb. 25, 2013 /PRNewswire/ - The Manufacturers Life Insurance Company
("MLI"), the Canadian insurance company subsidiary of Manulife Financial
Corporation, has successfully completed its previously announced offering of
$200 million aggregate principal amount of subordinated debentures.

The 2.819% fixed/floating subordinated debentures due February 26, 2023, which
are guaranteed by Manulife Financial Corporation on a subordinated basis, were
issued under a prospectus supplement dated February 20, 2013 to MLI's short
form base shelf prospectus dated November 11, 2011. Details of the offering
are set out in the prospectus supplement which is available on the SEDAR
website for MLI at www.sedar.com. The debentures were offered through a
syndicate of dealers co-led by RBC Capital Markets and BMO Capital Markets.

The debentures have not been and will not be registered in the United States
under the United States Securities Act of 1933, as amended (the "Securities
Act"), or the securities laws of any state of the United States and may not be
offered, sold or delivered, directly or indirectly in the United States or to,
or for the account or benefit of, a "U.S. person" (as defined in Regulation S
under the Securities Act) absent registration or an applicable exemption from
such registration requirements. This press release does not constitute an
offer to sell or a solicitation to buy securities in the United States and any
public offering of the securities in the United States must be made by means
of a prospectus.

About Manulife Financial

Manulife Financial is a leading Canada-based financial services group with
principal operations in Asia, Canada and the United States. Clients look to
Manulife for strong, reliable, trustworthy and forward-thinking solutions for
their most significant financial decisions. Our international network of
employees, agents and distribution partners offers financial protection and
wealth management products and services to millions of clients. We also
provide asset management services to institutional customers. Funds under
management by Manulife Financial and its subsidiaries were C$532 billion
(US$535 billion) as at December 31, 2012. The Company operates as Manulife
Financial in Canada and Asia and primarily as John Hancock in the United
States.

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
manulife.com.

SOURCE Manulife Financial Corporation

Contact:

Media inquiries:
Laurie Lupton
(416) 852-7792
laurie_lupton@manulife.com

Investor Relations:
Steven Moore
(416) 926-6495
steven_moore@manulife.com

Anique Asher
(416) 852-9580
anique_asher@manulife.com