Sun Life Financial Inc.

Sun Life Financial Inc.

February 25, 2005 08:51 ET

Sun Life Financial completes Preferred Share offering




FEBRUARY 25, 2005 - 08:51 ET

Sun Life Financial completes Preferred Share offering

TORONTO, ONTARIO--(CCNMatthews - Feb. 25, 2005) - Sun Life Financial
Inc. (TSX:SLF)(NYSE:SLF) today announced the successful completion of a
domestic public offering of $400 million of Class A Non-Cumulative
Preferred Shares, Series 1 (the "Preferred Shares") at $25 per share
yielding 4.75% annually. The offering, initially for $300 million of
Preferred Shares, was increased to $400 million following exercise by
the underwriting syndicate, led by RBC Capital Markets, of an option to
purchase an additional $100 million of Preferred Shares. The Preferred
Shares were issued under a prospectus dated February 17, 2005.

The Preferred Shares 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

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.

Note to Editors: All figures in Canadian dollars.


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