| FORM 13-501F1 |
| CLASS 1 REPORTING ISSUERS AND CLASS 3B REPORTING ISSUERS – |
| PARTICIPATING FEE |
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| | | | MANAGEMENT CERTIFICATION |
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| | I, Kay Song, an officer of the reporting issuer noted below have examined this Form 13-501F1 (the | | | Form) |
| | being submitted hereunder to the Alberta Securities Commission and certify that to my knowledge, having |
| | exercised reasonable diligence, the information provided in the Form is complete and accurate. |
| | |
| | (s) ”Kay Song” | | | | | | | | | February 12, 2020 | | | | |
| | Name: Kay Song | | | | | | | | | Date: |
| | Title: Assistant Corporate Secretary |
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| | Reporting Issuer Name: | | MANULIFE FINANCIAL CORPORATION |
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| | End date of previous financial year: | December 31, 2019 |
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| | Type of Reporting Issuer: | | | | Class 1 reporting issuer | | | | | | | | Class 3B reporting issuer |
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| | Highest Trading Marketplace: | Toronto Stock Exchange (TSX) |
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| | Market value of listed or quoted equity securities: | | | | | | |
| | (in Canadian Dollars) | | | |
| | | | | |
| | Equity Symbol | | | MFC |
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| | 1st Specified Trading Period (dd/mm/yy) | | | | | | 01/01/19 to 31/03/19 |
| | Closing price of the security in the class or series on the | | | |
| | last trading day of the specified trading period in which | | | |
| | such security was listed or quoted on the highest trading | | | |
| | marketplace | | | $22.60 (i) |
| | | | | | |
| | Number of securities in the class or series of such | | | |
| | security outstanding at the end of the last trading day of | | | |
| | the specified trading period | | | 1,970,246,743 (ii) |
| | | | | |
| | Market value of class or series | | | | | | (i) x (ii) = | $44,527,576,392 (A) |
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| | 2nd Specified Trading Period (dd/mm/yy) | | | | | | 01/04/19 to 30/06/19 |
| | Closing price of the security in the class or series on the | | | |
| | last trading day of the specified trading period in which | | | |
| | such security was listed or quoted on the highest trading | | | |
| | marketplace | | | | $23.80 (iii) |
| | | | | |
| | Number of securities in the class or series of such | | | |
| | security outstanding at the end of the last trading day of | | | |
| | the specified trading period | | | 1,962,049,770 (iv) |
| | | | | | | | | | | |
| | Market value of class or series | | | | | | | | | (iii) x (iv) = | $46,696,784,526 (B) |
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| 3rd Specified Trading Period (dd/mm/yy) | 01/07/19 to 30/09/19 |
| Closing price of the security in the class or series on the | |
| last trading day of the specified trading period in which | |
| such security was listed or quoted on the highest trading | |
| marketplace | | $24.30 (v) |
| | |
| Number of securities in the class or series of such | | | |
| security outstanding at the end of the last trading day of | | | |
| the specified trading period | 1,952,092,306 (vi) |
| | | | |
| Market value of class or series | | | | (v) x (vi) = | $47,435,843,036 (C) |
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| 4th Specified Trading Period (dd/mm/yy) | 01/10/19 to 31/12/19 |
| Closing price of the security in the class or series on the | |
| last trading day of the specified trading period in which | |
| such security was listed or quoted on the highest trading | |
| marketplace | | $26.36 | (vii) |
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| Number of securities in the class or series of such | |
| security outstanding at the end of the last trading day of | |
| the specified trading period | | | | | 1,948,811,715 (viii) |
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| Market value of class or series | | | | (vii) x (viii) = | $51,370,676,807 (D) |
| | | |
| Average Market Value of Class or Series | | |
| (Calculate the simple average of the market value of the class or | | |
| series of security for each applicable specified trading period | $47,507,720,190 (1) |
| (i.e. A through D above)) | | | | | | |
| | | |
| (Repeat the above calculation for each other class or series of equity securities of the reporting issuer (and a subsidiary, if |
| applicable) that was listed or quoted on a marketplace at the end of the previous financial year) |
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| 2 |
| Fair value of outstanding debt securities: | | | | | | $15,072,863,341 (2) |
| (Provide details of how value was determined*) | | | | | |
| | | | | | |
| Manulife Financial Corporation 4.90% Senior Notes (in US$) | | | |
| 663,368,594 1 |
| Manulife Financial Corporation 4.150% Senior Notes (in US$) | | | |
| 1,428,043,588 1 |
| Manulife Financial Corporation 5.375% Senior Notes (in US$) | | | |
| 1,293,565,836 1 |
| Manulife Financial Corporation 3.85% Subordinated Notes (in Singapore $) | | | |
| 493,501,671 2 |
| Manulife Financial Corporation 4.70% Senior Notes (in US$) | | | |
| 1,317,320,888 1 |
| Manulife Financial Corporation 3.527% Senior Notes (in US$) | | | |
| 375,745,827 1 |
| | | | |
| | | | |
| Manulife Financial Corporation 4.061% Subordinated Notes (in US$) | | | |
| 1,009,625,427 1 |
| Manulife Financial Corporation 3.049% Senior Notes | | | |
| 764,670,000 |
| Manulife Financial Corporation 3.00% Subordinated Notes (in Singapore $) | | | |
| 484,023,326 2 |
| Manulife Financial Corporation 3.317% Subordinated Debentures | | | |
| 621,558,000 |
| The Manufacturers Life Insurance Company 2.811% Subordinated Debentures | | | |
| | | | |
| (redeemed 02/21) | | | | | |
| | | | | | -- |
| The Manufacturers Life Insurance Company 2.64% Subordinated Debentures | | | |
| 500,070,000 |
| The Manufacturers Life Insurance Company 2.10% Subordinated Debentures | | | |
| 749,827,500 |
| The Manufacturers Life Insurance Company 2.389% Subordinated Debentures | | | |
| 350,539,000 |
| The Manufacturers Life Insurance Company 3.181% Subordinated Debentures | | | |
| 1,023,110,000 |
| Manulife Finance (Delaware), L.P. 5.059% Subordinated Debentures | | | |
| 788,151,000 |
| Manulife Financial Capital Trust II 7.405% Notes | (redeemed 12/31) | | |
| | | | | | -- |
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| *Source: MFC’s 2019 annual audited financial statements | | | |
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| | MFC.PR.B - Class A Shares, Series 2 – 14,000,000 x $22.20 = | | | | | $310,800,000 |
| MFC.PR.C - Class A Shares, Series 3 – 12,000,000 x $21.60 = | $259,200,000 |
| MFC.PR.F - Class 1 Shares, Series 3 – 6,335,831 x $13.09 = | $82,936,028 |
| MFC.PR.P – Class 1 Shares, Series 4 - 1,664,169 x $13.35 = | 22,216,656 |
| MFC.PR.G - Class 1 Shares, Series 5 – 8,000,000 x $19.69 = | 157,520,000 |
| MFC.PR.H - Class 1 Shares, Series 7 – 10,000,000 x $21.00 = | 210,000,000 |
| MFC.PR.I - Class 1 Shares, Series 9 – 10,000,000 x $19.90 = | 199,000,000 |
| MFC.PR.J - Class 1 Shares, Series 11 – 8,000,000 x $19.27 = | 154,160,000 |
| MFC.PR.K - Class 1 Shares, Series 13 – 8,000,000 x $17.98 = | 143,840,000 |
| MFC.PR.L - Class 1 Shares, Series 15 – 8,000,000 x $17.41 = | 139,280,000 |
| MFC.PR.M - Class 1 Shares, Series 17 – 14,000,000 x $17.84 = | 249,760,000 |
| MFC.PR.N - Class 1 Shares, Series 19 – 10,000,000 x $17.17 = | 171,700,000 |
| MFC.PR.O – Class 1 Shares, Series 21 – 17,000,000 x $25.78 = | 438,260,000 |
| MFC.PR.R – Class 1 Shares, Series 23 – 19,000,000 x $24.93 = | 473,670,000 |
| MFC.PR.Q – Class 1 Shares, Series 25 – 10,000,000 x $19.74 = | 197,400,000 |
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| Capitalization for the previous financial year | | | | | | (1) + (2) | $62,580,583,531 |
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| Participation Fee | $48,000 |
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| Total Fee Payable | | | | | $48,000 |
| (Participating Fee plus Late Fee) | | | | | | | |
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| 1 | Debt denominated in $USD and was converted to $CAD at a USD/CAD exchange rate of 1.2988. |
| 2 | MFC 3.85% and 3.00% Subordinated Notes is denominated in $SGD and was converted to $CAD at a SGD/CAD exchange rate of 0.9657. | | | |
| 3 |
