Suncor Energy prices U.S. debt issue

    CALGARY, June 25 /CNW/ - Suncor Energy Inc. reports that it has arranged
for the issuance of US$750 million in principal amount of senior unsecured
Notes maturing on June 15, 2038. The Notes will have a coupon of 6.5% and be
priced at US$99.16 to yield 6.564%. The net proceeds from the sale of the
Notes will be used for general corporate purposes, including repayment of
short term borrowings, supporting Suncor's ongoing capital spending program
and for working capital requirements. Closing is scheduled for June 28, 2007.
    The sale of the Notes will be completed under Suncor's shelf prospectus
dated February 20, 2007 and its prospectus supplement dated June 25, 2007. The
offering was led by JPMorgan, BNP Paribas and Deutsche Bank Securities as
joint book-running managers.

    This news release does not constitute an offer to sell or a solicitation
of an offer to buy any of the Notes.

    This news release contains forward-looking statements identified by the
words "may," "maturing," "schedule" and similar expressions that addresses
goals, expectations or projections about the future. This statement is based
on Suncor's current goals, expectations, estimates, projections and
assumptions, as well as its current budgets and plans for capital
expenditures. Such statements are not guarantees of future performance. Actual
results could differ materially, as a result of factors, risks and
uncertainties, known and unknown, to which Suncor's business is subject.
Further discussion of the risks, uncertainties and other factors that could
affect these plans, and any actual results, is included in Suncor's annual
report to shareholders and other documents filed with regulatory authorities.

    Suncor Energy Inc. is an integrated energy company headquartered in
Calgary, Alberta. Suncor's oil sands business, located near Fort McMurray,
Alberta, extracts and upgrades oil sands and markets refinery feedstock and
diesel fuel, while operations throughout western Canada produce natural gas.
Suncor operates a refining and marketing business in Ontario with retail
distribution under the Sunoco brand. U.S.A. downstream assets include pipeline
and refining operations in Colorado and Wyoming and retail sales in the Denver
area under the Phillips 66(R) brand. Suncor's common shares (symbol: SU) are
listed on the Toronto and New York stock exchanges.

For further information:

For further information: Brad Bellows, (403) 269-8717

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