Sun Life Financial to continue Clarica organ and tissue donations program

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Annual grant program seeks proposals

TORONTO, Sept. 8, 2003 – Sun Life Assurance Company of Canada, a member of the Sun Life Financial group of companies, today announced that it would continue for the third consecutive year the Clarica annual organ and tissue donation grant program and is seeking proposals that would have a positive impact on encouraging donations in Canadian hospitals.

Since the program was initiated in 2001 more than $733,000 has been used to fund innovative projects at 18 Canadian hospitals that support critical care and emergency professionals in helping to optimize the rate of organ and tissue donations across Canada.

“Many of Canada’s leading hospitals have been recipients of past funding”, says Judith Chopra, Sun Life Financial’s Director of Brand and Citizenship, “and the current programs seek to build on that success and on the capacity of Canada’s dedicated critical care and emergency professionals to help them honour the wishes of potential donors.”

“Canadians are very much aware of the growing need for organ and tissue donation. We also know that many potential donors are lost, even though donors and their families would like to give this wonderful gift,” said Chopra. “We are looking for proposals that will enhance knowledge about optimizing end-of-life care for patients while promoting the benefits of organ and tissue donation.”

Hospitals are invited to submit applications by October 15, 2003. Joint proposals that involve collaboration between hospitals are encouraged and projects must have clearly defined, measurable objectives. Complete information on eligibility, project selection and how to apply is available at www.clarica.com under ‘About Clarica, In the community.’

About Sun Life Financial and Clarica

Sun Life Financial helps individual Canadians achieve lifetime security by providing investment, life and health insurance solutions through approximately 4,000 Clarica managers and advisors located across the country.

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 June 30, 2003, the Sun Life Financial group of companies had total assets under management of CDN $342.2 billion.

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