Suncor Energy Inc.

Suncor Energy Inc.

April 25, 2006 00:00 ET

Suncor Energy increases dividend

(All financial figures are in Canadian dollars.)

Calgary, Alberta (April 25, 2006) — Suncor Energy Inc.'s Board of Directors has approved a quarterly dividend of $0.08 per share on its common shares, payable June 23, 2006, to shareholders of record at the date of close of business on June 2, 2006.

The quarterly dividend was increased from its previous level of $0.06 per share. In 2005, four quarterly dividends totaling $0.24 per common share were declared and paid.

"This increase in our dividend provides an immediate reward to our shareholders for our financial performance, yet still enables us to fund the growth initiatives that target future rewards," says Ken Alley, senior vice president and chief financial officer. 

Suncor's Board of Directors has established a policy of paying dividends on a quarterly basis. This policy is reviewed from time to time in light of Suncor's financial position, its financing requirements for growth, its cash flow and other factors considered relevant by Suncor's Board of Directors.

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For further information, contact:
John Rogers
Vice President, Investor Relations
(403) 269-8670