Sun Life Financial completes offering of Subordinated Unsecured Debentures

    TORONTO, June 26 /CNW/ - Sun Life Financial Inc. (TSX/NYSE: SLF)
announced today the successful completion of a public offering in Canada of
$350 million principal amount of Series 2008-2 Subordinated Unsecured 5.12%
Fixed/Floating Debentures due in 2018. The net proceeds will be used for
general corporate purposes, including for use within the Sun Life Financial
group of companies and for investment.
    The debentures were sold under a pricing supplement dated June 20, 2008,
issued pursuant to the Company's short form base shelf prospectus and its
prospectus supplement dated March 12, 2007, which are available on the SEDAR
website for Sun Life Financial Inc. at www.sedar.com.
    The Series 2008-2 Debentures have not been and will not be registered
under the United States Securities Act of 1933, as amended, and may not be
offered, sold or delivered within the United States of America and its
territories and possessions or to, or for the account or benefit of, United
States persons except in certain transactions exempt from the registration
requirements of such Act. This release does not constitute an offer to sell or
a solicitation to buy such securities in the United States.

    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, 2008, the Sun Life Financial group of companies had total assets
under management of CDN$415 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.