International Diversification Fuels Sun Life Financial's Growth

    Business strategy delivers strong performance

    TORONTO, May 9 /CNW/ - Sun Life Financial Inc. (TSX/NYSE: SLF)
highlighted today at its annual meeting of shareholders and policyholders the
strategic importance of its international operations, with more than half of
its 2006 operating earnings generated outside of its Canadian operations.
    "We achieved several impressive milestones in 2006 and made excellent
progress on the strength of our diversified business platform and our success
in penetrating the world's most dynamic economies," said Donald A. Stewart,
Chief Executive Officer, Sun Life Financial, speaking to annual meeting
attendees in Toronto. "These results highlight how Sun Life is working to
deliver excellence, both today and in future."
    The Company continues to invest heavily in distribution and currently has
approximately 60,000 advisors worldwide, together with thousands of important
relationships with independent brokers, consultants and retail institutions.
    The Company's Canadian division contributed significantly to Sun Life's
overall success in 2006 with three strong businesses - each with leadership
positions - which co-ordinate closely with each other on convenience and
innovation for customers. Product innovation in the U.S. is also a key success
factor. Sun Life's Income ON Demand(SM) product has been well received,
driving overall U.S. domestic variable annuity business into positive flows in
April. Another major milestone was attained last month when MFS Investment
Management surpassed the US$200 billion mark in assets under management.
    The Company also announced that a new director, Mitchell M. Merin, was
elected to its Board of Directors at the annual meeting today. Mr. Merin
retired as President and Chief Operating Officer of Morgan Stanley Investment
Management in September 2005 after a 25-year career with Morgan Stanley.

    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 CDN$446 billion.
    Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and
Philippine (PSE) stock exchanges under ticker symbol SLF.