Manulife Financial's May 2006 Share Buybacks

For the month of May 2006, Manulife Financial's share buyback amounted to 11,123,800 shares (post-split basis); the average price is $36.40.

3.5 million shares (pre-split basis) were repurchased in Q1 2006. 2 million shares (pre-split basis) were repurchased in April 2006.

As at today's close of business, Manulife Financial edged Royal Bank of Canada, as Canada's largest corporation, in terms of market capialization:

• Manulife Financial Corporation : $57,794,844,502 Quoted Market Value, per TSX
• Royal Bank of Canada : $57,759,545,976 Quoted Market Value, per TSX

Sources: SEDI, Company reports, TSX

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