What we don’t do No hedging of Manulife securities • No director, executive or employee can monetize or hedge Manulife common shares or equity awards No stock options, perquisites, severance, pension or retirement benefits or participation in an equity-based compensation plan, other than receiving deferred share units or common shares in lieu of cash compensation, for non-executive directors No slate voting for directors • Shareholders can vote for or withhold their vote from individual directors No staggered voting for directors • We have annual elections for all directors No unequal voting structure • We do not have dual-class or subordinate voting shares No tie-breaking vote • Our Chair of the Board does not have a deciding vote in the event of a tie at the board 114 Manulife Financial Corporation