Sun Life Financial releases 2002 Public Accountability Statement “Sharing the Warmth”

Sharing the Warmth of the Sun Available Online

TORONTO, May 15, 2003 – Sun Life Financial’s first Public Accountability Statement, entitled Sharing the Warmth of the Sun, is now available online at www.sunlife.com. The report describes the contributions Sun Life Financial made in 2002 – as a corporation and through its employees and advisors – to communities across Canada and abroad.

“The contributions highlighted in our Public Accountability Statement convey our longstanding commitment to social responsibility and demonstrate how we make a difference through corporate citizenship practices,” said Donald A. Stewart, Chief Executive Officer, Sun Life Financial. “When we invest in our communities, we create a better environment for business success.”

The Public Accountability Statement is a consolidated report that profiles Sun Life Financial’s Canadian-based and international initiatives in 2002 and includes the extensive contributions made by Clarica. It also highlights the company’s general contributions to the economy, and its commitment to sound corporate governance, employees, consumers and the environment. This report will be published annually.

SUN LIFE FINANCIAL

Sun Life Financial is a leading international financial services organization providing a diverse range of wealth accumulation and protection products and services to individuals and corporate customers. Tracing its roots back to 1865, Sun Life Financial and its partners today have operations in key markets worldwide, including Canada, the United States, the United Kingdom, Hong Kong, the Philippines, Japan, Indonesia, India, China and Bermuda. As of March 31, 2003, the Sun Life Financial group of companies has total assets under management of CDN $336.8 billion.

Sun Life Financial Services of Canada Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under ticker symbol “SLF”.