Sun Life Financial declares quarterly dividend on Common and Preferred Shares

    TORONTO, May 1 /CNW/ - The Board of Directors of Sun Life Financial Inc.
(TSX/NYSE: SLF) today announced a quarterly shareholder dividend of $0.32 per
common share, payable July 3, 2007 to shareholders of record at the close of
business on May 23, 2007. This is the same amount as paid in the previous
quarter.
    The Board of Directors of Sun Life Financial Inc. also announced
quarterly dividends of $0.296875 per Class A Non-Cumulative Preferred Share
Series 1; $0.30 per Class A Non-Cumulative Preferred Share Series 2; $0.278125
per Class A Non-Cumulative Preferred Share Series 3; $0.278125 per Class A
Non-Cumulative Preferred Share Series 4; and $0.28125 per Class A
Non-Cumulative Preferred Share Series 5, payable June 29, 2007 to shareholders
of record at the close of business on May 23, 2007.
    Sun Life Financial Inc. has designated the dividends referred to above as
eligible dividends for the purposes of the Income Tax Act (Canada).

    Sun Life Financial is a leading international financial services
organization providing a diverse range of protection and wealth accumulation
products and services to individuals and corporate customers. Chartered in
1865, Sun Life Financial and its partners today have operations in key markets
worldwide, including Canada, the United States, the United Kingdom, Ireland,
Hong Kong, the Philippines, Japan, Indonesia, India, China and Bermuda. As of
March 31, 2007, the Sun Life Financial group of companies had total assets
under management of $446 billion.
    Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and
Philippine (PSE) stock exchanges under ticker symbol SLF.

    Note to Editors: All figures in Canadian dollars.