Sun Life Financial Inc.

Sun Life Financial Inc.

February 25, 2005 10:15 ET

Sun Life Financial announces intention to appoint Ronald W. Osborne as Chairman following annual meeting


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: SUN LIFE FINANCIAL INC.

TSX, NYSE SYMBOL: SLF

FEBRUARY 25, 2005 - 10:15 ET

Sun Life Financial announces intention to appoint
Ronald W. Osborne as Chairman following annual meeting

TORONTO, ONTARIO--(CCNMatthews - Feb. 25, 2005) - The Boards of
Directors of Sun Life Financial Inc. (TSX:SLF)(NYSE:SLF) and Sun Life
Assurance Company of Canada today announced their intention to appoint
Ronald W. Osborne as non-executive Chairman when William W. Stinson
retires at the conclusion of the annual meeting of the two companies in
Toronto on May 11, 2005.

Mr. Osborne's appointment is pending his re-election as a director by
shareholders and voting policyholders at the upcoming annual meeting. He
has been a member of the Board since 1989 and is currently Chairman of
the Audit and Conduct Review Committee and a member of the Management
Resources Committee. Mr. Osborne serves on a number of boards of
Canadian public companies and community organizations.

Mr. Stinson has been a director since 1985. He was appointed Sun Life
Financial's first non-executive Chairman following the annual meeting in
2003 after serving as Lead Director for four years.

"The independent members of the Board of Directors were unanimous in
their selection of Ron Osborne as my successor. I am confident that Ron
will do an outstanding job in providing leadership to the Board," said
Mr. Stinson.

"I thank the Board for offering me this opportunity to serve Sun Life
Financial in this new capacity and thank Bill Stinson for his enormous
contribution as our first non-executive Chairman and as a director. He
is a tough act to follow," said Mr. Osborne. "I look forward to working
with the Board and Don Stewart as he and his strong management team
continue to deliver value to our policyholders and other customers and
excellent returns to our shareholders."

Sun Life Financial is a leading international financial services
organization providing a diverse range of wealth accumulation and
protection products and services to individuals and corporate customers.
Tracing its roots back to 1865, Sun Life Financial and its partners
today have operations in key markets worldwide, including Canada, the
United States, the United Kingdom, Hong Kong, the Philippines, Japan,
Indonesia, India, China and Bermuda. As of December 31, 2004, the Sun
Life Financial group of companies had total assets under management of
CDN$360 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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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Sun Life Financial Inc.: Media Relations Contact
    Susan Jantzi
    Manager, Media Relations
    (519) 888-3160
    susan.jantzi@sunlife.com
    or
    Sun Life Financial Inc.: Investor Relations Contact
    Tom Reid
    Vice-President, Investor Relations
    (416) 204-8163
    investor.relations@sunlife.com