Suncor Energy Inc.

Suncor Energy Inc.

January 23, 2008 00:00 ET

Suncor Energy declares dividend

(All financial figures are in Canadian dollars.)

Calgary, Alberta (January 23, 2008) — Suncor Energy Inc.'s Board of Directors has approved a quarterly dividend of $0.10 per share on its common shares, payable March 25, 2008, to shareholders of record at the date of close of business on March 4, 2008.

Suncor Energy Inc. is an integrated energy company headquartered in Calgary, Alberta. Suncor's oil sands business, located near Fort McMurray, Alberta, extracts and upgrades oil sands and markets refinery feedstock and diesel fuel, while operations throughout western Canada produce natural gas. Suncor operates a refining and marketing business in Ontario with retail distribution under the Sunoco brand. U.S.A. downstream assets include pipeline and refining operations in Colorado and Wyoming and retail sales in the Denver area under the Phillips 66® brand. Suncor's common shares (symbol: SU) are listed on the Toronto and New York stock exchanges.

Suncor Energy (U.S.A.) Inc. is an authorized licensee of the Phillips 66® brand and marks in the state of Colorado. Sunoco in Canada is separate and unrelated to Sunoco in the United States, which is owned by Sunoco, Inc. of Philadelphia.

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For more information:

John Rogers
Vice President, Investor Relations
(403) 269-8670