 C unless otherwise stated TSXNYSEPSE: MFC SEHK: 945 TORONTO, May 21, 2021 PRNewswire - Manulife Financial Corporation Manulife today announced the applicable dividend rates for its Non-cumulative Rate Reset Class 1 Shares Series 3 the Series 3 Preferred Shares TSX: MFC.PR.F and Non-cumulative Floating Rate Class 1 Shares Series 4 the Series 4 Preferred Shares TSX: MFC.PR.P. With respect to any Series 3 Preferred Shares that remain outstanding after June 19, 2021, holders thereof will be entitled to receive fixed rate non-cumulative preferential cash dividends on a quarterly basis, as and when declared by the Board of Directors of Manulife and subject to the provisions of the Insurance Companies Act Canada. 