Effective March 31, 2010, Gerald Cooper-Key, co-manager of the Manulife Mawer World Investment Class, will withdraw from day-to-day activities as co-manager of the Fund.

While Mr. Cooper-Key will no longer be co-manager of the Manulife Mawer World Investment Class after that date, he will continue to maintain an active role with Mawer Investment Management, as Chair of Mawer's Global Equity working group.

The Global Equity working group is being formed in conjunction with the upcoming launch of the Manulife Mawer Global Equity Class and will provide co-ordination and input across Mawer's global/international large and small cap mandates sub-advised for Manulife Mutual Funds, a division of Elliott & Page Limited.

David Ragan will continue as co-manager of the Manulife Mawer World Investment Class. Mr. Ragan has been working closely with Mr. Cooper-Key since joining Mawer in 2004, and has been co-manager of the Fund since 2007.

In addition, Jim Hall, Mawer's Director of Research, is joining David Ragan as co-manager of the Fund. Mr. Hall brings over 15 years of investment experience, including 12 years with Mawer, to his role as co-manager of international equities.