News releases

October 30, 2007

Sun Life Financial declares quarterly dividend on Common and Preferred Shares

TORONTO (October 30, 2007) – 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 January 2, 2008 to shareholders of record at the close of business on November 21, 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 December 31, 2007 to shareholders of record at the close of business on November 21, 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 September 30, 2007, the Sun Life Financial group of companies had total assets under management of $427 billion.

Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under ticker symbol SLF.
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Note to Editors: All figures in Canadian dollars.


Media Relations Contact:
Susan Jantzi
Senior Manager
External Communications & Corporate Affairs
Tel: 519-888-3160
susan.jantzi@sunlife.com

Investor Relations Contact:
Paul Petrelli
Vice-President
Investor Relations
Tel: 416-204-8163
investor.relations@sunlife.com