 C unless otherwise stated TSXNYSEPSE: MFC SEHK: 945 TORONTO, June 7, 2021 PRNewswire - Manulife Financial Corporation Manulife today announced that after having taking into account all election notices received by the June 4, 2021 deadline for conversion, 812,380 of its currently outstanding 6,335,831 Non-cumulative Rate Reset Class 1 Shares Series 3 the Series 3 Preferred Shares have been elected for conversion on June 19, 2021, on a one-for-one basis, into Non-cumulative Floating Rate Class 1 Shares Series 4 of Manulife the Series 4 Preferred Shares, and 1,014,452 of its currently outstanding 1,664,169 Series 4 Preferred Shares have been elected for conversion on June 19, 2021, on a one-for-one basis, into Series 3 Preferred Shares. As a result, on June 19, 2021, Manulife will have 6,537,903 Series 3 Preferred Shares and 1,462,097 Series 4 Preferred Shares issued and outstanding. 