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Sun Life Financial completes offering of Senior Unsecured Debentures

TORONTO, Feb. 26 /PRNewswire-FirstCall/ - Sun Life Financial Inc. (TSX:SLF) (NYSE:SLF) announced today the successful completion of a public offering in Canada of an additional $250 million principal amount of Series B Senior Unsecured 4.95% Fixed/Floating Debentures due in 2036, pursuant to its medium term note program, resulting in an aggregate $950 million principal amount of Series B Debentures outstanding. The proceeds will be used for general corporate purposes, including investments in subsidiaries.

The debentures were sold under a pricing supplement dated February 21, 2007 issued pursuant to the Company's short form base shelf prospectus dated November 4, 2005 and its prospectus supplement dated June 22, 2006, which are available on the SEDAR website for Sun Life Financial Inc. at www.sedar.com.

The Series B Debentures 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 States.

Sun Life Financial is a leading international financial services organization providing a diverse range of protection and wealth accumulation products and services to individuals and corporate customers. Chartered in 1865, Sun Life Financial and its partners today have operations in key markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China and Bermuda. As of December 31, 2006, the Sun Life Financial group of companies had total assets under management in excess of $436 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 shown in Canadian dollars unless otherwise

noted./

Source: Sun Life Financial Inc.

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