Sun Life Financial increases quarterly dividend on Common Shares and declares dividend on Preferred Shares

    TORONTO, July 31 /CNW/ - The Board of Directors of Sun Life Financial
Inc. (TSX, NYSE: SLF) today announced a quarterly shareholder dividend of
$0.34 per common share, payable October 1, 2007 to shareholders of record at
the close of business on August 22, 2007. This dividend represents an increase
of 13% over the past 12 months.
    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 September 28, 2007 to
shareholders of record at the close of business on August 22, 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
June 30, 2007, the Sun Life Financial group of companies had total assets
under management of $435 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.