• Acquisition of 440,297-square-foot portfolio brings immediate
  diversification in greater Montreal and added scale to Manulife
  Canadian Property Portfolio, a core open-end real estate investment
  fund

C$ unless otherwise stated

TSX/NYSE/PSE: MFC
SEHK:945

NEWS RELEASE
June 14, 2013

MONTREAL, June 14, 2013 /CNW/ – Manulife Real Estate has acquired a
portfolio of five commercial real estate properties, totaling 440,297
square feet and located primarily in the greater Montreal region, for
C$75.9 million from the Redbourne Realty Fund, in a deal that closed
June 13, 2013. The portfolio, comprising three office properties and
two industrial properties, was purchased for its Manulife Canadian
Property Portfolio, a core, open-end, income producing real estate
investment fund that invests in quality Canadian commercial real estate
assets managed by Manulife Real Estate. The Fund is offered to
institutional investors through Manulife Asset Management, the global
asset management arm of Manulife Financial.

“Manulife is pleased to be able to put our long established real estate
expertise to work in a fund platform that allows investors to take
advantage of what has been a sound asset class for the Company for the
last seven decades,” said Kevin Adolphe, Global Head of Private Asset
Management for Manulife Financial and President and CEO of Manulife
Real Estate. “We’ve had great interest in our fund platform since it
launched in February 2011 and we’re encouraged by the significant
capital we’ve raised to date for the Manulife Canadian Property
Portfolio. We are well positioned for continued growth.”

The Manulife Canadian Property Portfolio invests in quality commercial
real estate assets in stable and economically-diverse markets across
Canada. With this acquisition, the Manulife Canadian Property Portfolio
holds 19 income producing properties totaling approximately 2.7 million
square feet with assets under management of C$422 million.

“Montreal is a market we know well and these properties are an excellent
complement to the Manulife Canadian Property Portfolio,” added Mr.
Adolphe. “The acquisition is completely in line with the Fund’s
strategy to provide institutional investors with an opportunity to
invest in a quality, diversified property portfolio that offers income
stability while also preserving capital.”

Manulife Real Estate, the global real estate arm of Manulife Financial,
serves as the asset manager for the Manulife Canadian Property
Portfolio which launched in February 2011, extending to investors the
benefit of Manulife’s extensive real estate investment and management
experience. Today, Manulife’s global real estate portfolio totals more
than 36 million square feet, with more than 1.2 million square feet,
owned or managed, in Montreal, including Centre ManuVie which Manulife
developed in 1982.

RBC Capital Markets Real Estate Group acted as broker on the
transaction.

Notice to Investors
This communication is not, and under no circumstances is to be construed
as an invitation to make an investment in the Fund nor does it
constitute a public offering to sell units of the Fund. Subscriptions
for units of the Fund will only be considered on the terms of the
Offering Memorandum (the “OM”) of the Fund. Units of the Fund are only
available for purchase by “accredited investors”, as such term is
defined under applicable Canadian securities legislation. Purchasers
may have statutory or contractual rights of action under certain
circumstances as disclosed in the OM. An investment in units of the
Fund is subject to certain risks and is appropriate only for investors
who have the capacity to absorb a loss of some or all of their
investment. There is no market through which units of the Fund may be
sold and none is expected to develop. Under certain circumstances, the
Fund is entitled to suspend or restrict rights of redemption. An
investment in units of the Fund is not intended as a complete
investment program. An investment in units of the Fund should only be
made after consultation with independent investment and tax advisors.
Only investors who do not require immediate liquidity of their
investment should consider the purchase of units of the Fund. Only
investors who can reasonably afford a substantial impairment or loss of
their entire investment should consider the purchase of Units of the
Fund. Please refer to the OM for a further discussion of the risks of
investing.

About Manulife Real Estate
Manulife Real Estate™ is the global real estate arm of Manulife
Financial Corporation with fully integrated in-house capabilities and
70 years of experience as an active investor, owner, developer and
asset manager of commercial real estate. Diversified by both geography
and asset type, the portfolio consists primarily of prime office and
industrial properties, as well as select retail and multi-family
residential properties, in key metropolitan centers throughout Canada,
Asia and in the United States, through Manulife’s U.S. division, John
Hancock. In addition to equity real estate, Manulife Real Estate
manages the space requirements and own use facilities for Manulife’s
operations around the world. In 2011, Manulife Real Estate launched a
new real estate fund platform, extending the benefit of its long
established real estate asset management expertise to institutional
investors. As at March 31, 2013, the Manulife Real Estate portfolio
totaled more than 36 million square feet with a market value of C$9.3
billion (US$9.2 billion). Additional information about Manulife Real
Estate can be found at manuliferealestate.com.

About Manulife Asset Management
Manulife Asset Management is the global asset management arm of Manulife
Financial. Manulife Asset Management provides comprehensive asset
management solutions for institutional investors and investment funds
in key markets around the world. Manulife Asset Management also
provides investment management services to affiliates’ retail clients
through product offerings of Manulife and John Hancock. This investment
expertise extends across a broad range of asset classes including
equity, fixed income and alternative investments such as real estate,
timber, farmland, as well as asset allocation strategies.

Manulife Asset Management has offices with full investment capabilities
in the United States, Canada, the United Kingdom, Japan, Hong Kong,
Singapore, Taiwan, Indonesia, Thailand, Vietnam, Malaysia, and the
Philippines. In addition, it has a joint venture asset management
business in China, Manulife TEDA. It also has operations in Australia,
New Zealand, Brazil and Uruguay. John Hancock Asset Management, Hancock
Natural Resource Group and Declaration Management and Research are
units of Manulife Asset Management. As at March 31, 2013, assets under
management were C$252 billion. Additional information about Manulife
Asset Management can be found at manulifeam.com.

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$555 billion (US$$547
billion) as at March 31, 2013. 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.

Manulife Real Estate has acquired a portfolio of five commercial real
estate properties – totaling 440,297 square feet and located primarily
in the greater Montreal region – for C$75.9 million, in a deal that
closed June 13, 2013. The portfolio, comprising three office properties
and two industrial properties, was purchased for its Manulife Canadian
Property Portfolio, a core, open-end, income producing real estate
investment fund that invests in quality Canadian commercial real estate
assets managed by Manulife Real Estate.

SOURCE Manulife Real Estate