From the date ofissue to but excluding December 31 2019 the rate of

From the date ofissue to but excluding December 31, 2019, the rate of interest on the MaCS II- Series 1 will be fixed at 7.405% per annum. Starting on December 31, 2019,and on every fifth anniversary after such date, the rate of interest on theMaCS II – Series 1 will be reset as described in the prospectus filed by theTrust and MLI.On or after December 31, 2014, the Trust may, at its option and subject tocertain conditions, redeem the MaCS II – Series 1, in whole or in part.In certain circumstances, the MaCS II – Series 1 or interest thereon may beautomatically exchanged or paid by the issuance of non-cumulative Class 1Preferred Shares of MLI.The transaction is expected to close on July 10, 2009. An amount equivalent tothe net proceeds will be used by Manulife Financial Corporation (“MFC”) toacquire liquid assets for possible future retirement of amounts outstandingunder MFC’s credit facility or for general corporate purposes. The offering isnot expected to initially result in an increase to MLI’s reported MCCSR ratio(Minimum Continuing Capital and Surplus Requirements for Life InsuranceCompanies).RBC Capital Markets and National Bank Financial are the lead underwriters onthe issue.The securities have not been and will not be registered in the United Statesunder the Securities Act of 1933, as amended, and may not be offered, sold ordelivered in the United States or to U.S. Persons absent registration orapplicable exemption from the registration requirement of such Act. This pressrelease does not constitute an offer to sell or a solicitation to buy thesecurities in the United States.About Manulife FinancialManulife Financial is a leading Canadian-based financial services groupserving millions of customers in 19 countries and territories worldwide.Operating as Manulife Financial in Canada and Asia, and primarily through JohnHancock in the United States, the Company offers customers a diverse range offinancial protection products and wealth management services through itsextensive network of employees, agents and distribution partners. Funds undermanagement by Manulife Financial and its subsidiaries were Cdn$405 billion(US$322 billion) as at March 31, 2009.Manulife Financial Corporation trades as ‘MFC’ on the TSX, NYSE and PSE, andunder ‘945′ on the SEHK.

Manulife Financial can be found on the Internet at FinancialMedia inquiries: Laurie Lupton, (416) 852-7792, ;David Paterson, (w) (416) 852-7792, (cell) (416) 456-3621,; Investor Relations: Amir Gorgi, 1-800-795-9767,. BOGOTA, July 6 (Reuters) – Colombia’s Banco PopularBPO.CN said on Monday it will sell $1.4 billion inpeso-denominated bonds, taking advantage of high liquidity inlocal markets. The privately owned bank issued a statement announcing theplanned bond sales. The statement did not say over what periodof time the debt would be offered or what the bank plans to dowith the proceeds. Banco Popular has $5.1 billion in assets and is controlledby Colombian tycoon Luis Carlos Sarmiento.

(Reporting by Javier Mozzo, writing by Hugh Bronstein; Editingby Dan Grebler). WASHINGTON, July 6 (Reuters) – U.S. tax authorities havediscovered far fewer than the 52,000 accounts with Swiss bankUBS AG (UBSN.VX) suspected of being used by Americans to avoidtaxes, the U.S government said in a court filing on Monday. Stocks  |  Regulatory News  |  Mergers & Acquisitions The U.S. Justice Department was responding to UBS, whichasked a federal judge in Miami last week to order the InternalRevenue Service to reveal how many undeclared accounts of U.S.clients it has discovered at the bank. The federal government is suing UBS in a civil case toobtain details on the 52,000 accounts In February, UBS settleda U.S.

criminal probe for $780 million and acknowledged thatsome of its employees helped U.S clients hide money. “The number of undisclosed accounts that the IRS hasdiscovered through ‘alternative means’ falls far short of the52,000 accounts that UBS has identified,” the JusticeDepartment said in its latest court filing. “There is nodispute that the vast bulk of information sought in thissummons is not in the IRS’s possession.” UBS has argued that the IRS has alternative ways to get theinformation it seeks. UBS says it would violate Swiss bankingsecrecy laws if it complied with the U.S request The IRS has declined to name how many U.S account names ithas discovered. The agency has reported an increase inindividuals coming forward as part of a “voluntary disclosure”program that generally lets them avoid criminal prosecution inexchange for declaring their accounts and paying monetarypenalties A hearing in the civil case is set for July 13 in Florida. Last month, the Justice Department denied it would drop thecase, responding to a newspaper report citing anonymous sourcesthat it was mulling that option The case is: United States v UBS, U.S District Court,Southern District of Florida, No 09-20423.

RELATED NEWS: * UBS could settle tax case – Swiss FinMin[ID:nL1520127] * TAKE A LOOK-Global fight in tax evasion [ID:nL1126843] (Reporting by Kim Dixon; Editing by Tim Dobbyn) Stocks Regulatory News Mergers & Acquisitions. Eleven Missiles Fired by North Korea Propels Their Capability to Threaten theUnited StatesWASHINGTON, July 6 /PRNewswire-USNewswire/ — Riki Ellison, Chairman andFounder of the Missile Defense Advocacy Alliance (MDAA) explains why the actions of North Korea onJuly 4th dictate the need for our nation to have a strong missile defenseprogram, and that the ballistic missile tests by North Korea send a strongmessage to our nation about the need for missile defense. His comments are asfollows: “Seven North Korean ballistic missiles were fired on July 4th from North Koreainto the East Sea, the body of water that separates Japan from North Korea.The seven missiles launched were a mixture of Scud – C short-range ballisticmissiles and Rodong/Nodong medium-range ballistic missiles with ranges from350 miles to 800 miles. These North Korean ballistic missiles were liquidfueled, mobile land-based systems and as such their launch pads and locationswere not known prior to their launching. Satellite intelligence can onlyprovide post-launch analysis of backtracking the trajectories to the launchlocations after the missiles have been fired. The North Korean demonstrationof our lack of detection prior to launch provides very difficult challengesfor pre-emptive military action to disable or destroy North Korean ballisticmissiles prior to launch in possible future scenarios.”"It is with appreciation, that the current Administration understands thefuture regional threats and has increased $900 million to the 2010 MissileDefense budget.