Sun Life Financial increases quarterly dividend on Common Shares and declares dividend on Preferred Shares

    TORONTO, Feb. 14 /CNW/ - The Board of Directors of Sun Life Financial
Inc. (TSX/NYSE:   SLF) today announced a quarterly shareholder dividend of $0.36
per common share, payable April 1, 2008 to shareholders of record at the close
of business on February 27, 2008. This represents an increase from the $0.34
paid in the previous quarter, bringing the total increase over the past year
to 12.5%. The increase in the common share dividend reflects the Company's
strong financial performance and management's confidence in the solid progress
made in the business operations.
    The Board of Directors of Sun Life Financial Inc. also announced the
following quarterly dividends on its Class A Non-Cumulative Preferred Shares
payable on March 31, 2008 to shareholders of record at the close of business
on February 27, 2008: $0.296875 per Series 1 share; $0.30 per Series 2 share;
$0.278125 per Series 3 share; $0.278125 per Series 4 share; and $0.28125 per
Series 5 share.
    Sun Life Financial Inc. has designated the dividends referred to above as
eligible dividends for the purposes of the Income Tax Act (Canada).

    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, 2007, the Sun Life Financial group of companies had total assets
under management of $425 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.

For further information:

For further information: Media Relations Contact: Susan Jantzi, Senior
Manager, External Communications & Corporate Affairs, Tel: (519) 888-3160,; Investor Relations Contact: Paul Petrelli,
Vice-President, Investor Relations, Tel: (416) 204-8163,

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