Suncor Energy Inc.

Suncor Energy Inc.

April 25, 2007 00:00 ET

Suncor Energy increases dividend

(All financial figures are in Canadian dollars.)

Calgary, Alberta (April 25, 2007) — Suncor Energy Inc.'s Board of Directors has approved an increase in the company's quarterly dividend to $0.10 per share on its common shares, from the previous level of $0.08 per share.

"This is an appropriate and balanced increase that provides immediate rewards to our shareholders, while we pursue our strategy to drive future rewards." says Ken Alley, senior vice president and chief financial officer.

The dividend is payable June 25, 2007, to shareholders of record at the close of business on June 4, 2007.

Suncor's Board of Directors has established a policy of paying dividends on a quarterly basis. Dividend payments are reviewed in light of Suncor's financial position, its financing requirements for growth, anticipated cash flow and other factors considered relevant by the Board of Directors.

This news release contains forward-looking statements that address goals, expectations or projections about the future. These statements are based on Suncor's current goals, expectations, estimates, projections and assumptions, as well as its current budgets and plans for capital expenditures. Some of the forward-looking statements may be identified by the word "pursue" and similar expressions. These statements are not guarantees of future performance. Actual results could differ materially, as a result of factors, risks and uncertainties, known and unknown, to which Suncor's business is subject. Further discussion of the risks, uncertainties and other factors that could affect these plans, and any actual results, is included in Suncor's annual report to shareholders and other documents filed with regulatory authorities.

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For more information contact:
John Rogers