SL Split Corp. announces cancellation of Exchange Option

    TORONTO, Oct. 18 /CNW/ - SL Split Corp. (the "Company") today announced
the cancellation of the Company's exchange option (the "Exchange Option") with
respect to its offerings (the "Offerings") of class A capital shares (the
"Capital Shares") and class A preferred shares (the "Preferred Shares"). Under
the Exchange Option, prospective purchasers could exchange common shares of
Sun Life Financial Inc. for Capital Shares and Preferred Shares together in
Units (consisting of two Capital Shares and one Preferred Share) or for
Capital Shares.
    The Company filed a preliminary prospectus in respect of the Offerings on
September 21, 2007 and is continuing its marketing activities. Prospective
purchasers will continue to have the ability to acquire Capital Shares and
Preferred Shares by paying cash. All Sun Life Financial Inc. shares deposited
to date pursuant to the Exchange Option will be recredited to the CDS
Participants who tendered such shares.

    SL Split Corp. was established to generate dividend income for holders of
Preferred Shares while providing holders of Capital Shares with a leveraged
opportunity to participate in capital appreciation from a portfolio of common
shares of Sun Life Financial Inc.

For further information:

For further information: Robert Fournier, Scotia Capital Inc., Telephone
(416) 863-7255, E-mail:

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SL Split Corp.

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