MONTREAL, May 28, 2015 /CNW/ – Standard Life Mutual Funds Ltd. and
Manulife Asset Management Accord (2015) Inc. today announce changes to
the investment teams affecting certain Standard Life Mutual Funds
(including Corporate Class funds).

On January 30, 2015, the Canadian operations of Standard Life plc
(including Standard Life Mutual Funds Ltd. and its mutual fund family)
were acquired by Manulife. As a result of the acquisition, Standard
Life Investments Inc. was renamed “Manulife Asset Management Accord
(2015) Inc.” and became a part of Manulife Asset Management (MAM).

The investment objectives and guidelines of these funds are not
affected. These changes are effective immediately and include:

• Terry Carr, Head of MAM’s Canadian Fixed Income team, will now oversee
  the extended Canadian fixed income team. As such, he and his team will
  be responsible for the management of funds that include Standard Life
  Canadian Bond Fund, Standard Life Canadian Bond Class, Standard Life
  Short Term Bond Fund and Standard Life Tactical Bond Fund. The team
  will also be responsible for management of the fixed income portion of
  various balanced funds including Standard Life Balanced Fund. Mr.
  Carr’s team consists of 10 portfolio managers and four analysts, and
  manages a wide range of fixed income strategies.

• Manulife Asset Management (US) LLC and Manulife Asset Management (Hong
  Kong) Limited have been appointed as sub-advisers for the Standard Life
  Global Bond Fund. Daniel Janis and Thomas Goggins of Manulife Asset
  Management (US) LLC and Kisoo Park of Manulife Asset Management (Hong
  Kong) Limited will assume the management of Standard Life Global Bond
  Fund.

• Edward (Ted) Whitehead, Senior Portfolio Manager and lead of the MAM
  Canadian Small Cap Equity Team and Luciano Orengo, Portfolio Manager,
  will now assume the additional responsibility of managing Standard Life
  Canadian Small Cap Fund and Standard Life Canadian Small Cap Class.

• Steve Belisle and Marie-Eve Savard, both Portfolio Managers with MAM,
  will from this point co-manage funds that include Standard Life
  Canadian Dividend Growth Fund, Standard Life Canadian Dividend Growth
  Class, Standard Life Dividend Income Fund, Standard Life Dividend
  Income Class as well as the equity portion of Standard Life Tactical
  Income Fund.

• Monika Skiba, Senior Portfolio Manager, MAM, and head of the Canadian
  Fundamental Equity team, will now chair the Canadian Asset Mix
  Committee comprised of Susan Da Sie, Terry Carr and Glen Martin. Mr.
  Martin will be responsible for the implementation of asset mix
  decisions made by the Committee on funds that include Standard Life
  Balanced Fund, Standard Life Diversified Income Fund, Standard Life
  Monthly Income Fund, Standard Life Monthly Income Class and Standard
  Life Tactical Income Fund.

• Manulife Asset Management (US) LLC has been appointed as sub-adviser to
  the Portrait Portfolio funds. Glen Martin, Senior Portfolio Manager,
  Portfolio Solutions Group, MAM, will assume management of asset
  allocation for the Portrait Portfolios and he will be joined by Robert
  Boyda and Steven E. Medina of Manulife Asset Management (US) LLC while
  Cordell Tanny continues to be responsible for fund selection and due
  diligence for these portfolios. The Portrait Portfolios comprise the
  following funds: Standard Life Conservative Portfolio, Standard Life
  Moderate Portfolio, Standard Life Growth Portfolio, Standard Life
  Dividend Growth & Income Portfolio, Standard Life Aggressive Portfolio,
  Standard Life Global Portfolio, Standard Life Conservative Portfolio
  Class, Standard Life Moderate Portfolio Class, Standard Life Growth
  Portfolio Class, Standard Life Dividend Growth & Income Portfolio
  Class, Standard Life Aggressive Portfolio Class and Standard Life
  Global Portfolio Class.

Furthermore and as previously approved at special meetings of
securityholders of the Standard Life Mutual Funds, effective on or
about July 1, 2015, Standard Life Mutual Funds Ltd. and Manulife Asset
Management Accord (2015) Inc. will be amalgamated with Manulife Asset
Management Limited. Manulife Asset Management Limited will be,
effective as of such date, the investment fund manager of the Standard
Life Mutual Funds.

About Standard Life Mutual Funds
Standard Life Mutual Funds Ltd. was established in 2000 in Canada. It
offers to advisors and individual investors some 57 mutual funds and
fund-of-funds and one pooled fund with varying investment styles across
major asset classes. As of March 31, 2015, SLMF had C$7.0 billion of
assets under management.

About Manulife Asset Management
Manulife Asset Management is the global asset management arm of
Manulife, providing comprehensive asset management solutions for
investors. This investment expertise extends across a broad range of
public and private asset classes, as well as asset allocation
solutions. As at March 31, 2015, assets under management for Manulife
Asset Management were approximately C$383 billion (US$302 billion).

Manulife Asset Management’s public markets units have investment
expertise across a broad range of asset classes including public equity
and fixed income, and asset allocation strategies. Offices with full
investment capabilities are located in the United States, Canada, the
United Kingdom, Japan, Hong Kong, Singapore, Taiwan, Indonesia,
Thailand, Vietnam, Malaysia, and the Philippines. In addition, Manulife
Asset Management has a joint venture asset management business in
China, Manulife TEDA. The public markets units of Manulife Asset
Management also provide investment management services to affiliates’
retail clients through product offerings of Manulife and John Hancock.
John Hancock Asset Management and Declaration Management and Research
are units of Manulife Asset Management.

Additional information about Manulife Asset Management may be found at ManulifeAM.com.

SOURCE Standard Life Mutual Funds Ltd.