Mr. Kevin Strain reports

SUN LIFE ANNOUNCES ELECTION OF DIRECTORS

The 12 nominees listed in the management information circular dated March 17, 2023, have been elected as directors of Sun Life Financial Inc. The detailed results of the vote held yesterday at its annual meeting of common shareholders are set out herein.

Nominee                    Votes for   % for   Votes withheld   % withheld

Deepak Chopra            312,405,280    99.3%       2,296,950          0.7%   
Stephanie L. Coyles      310,141,079    98.6%       4,561,151          1.4%   
Ashok K. Gupta           313,509,621    99.6%       1,192,609          0.4%   
M. Marianne Harris       310,956,907    98.8%       3,745,323          1.2%   
David H. Y. Ho           313,446,400    99.6%       1,255,830          0.4%   
Laurie G. Hylton         313,201,489    99.5%       1,500,741          0.5%   
Helen M. Mallovy Hicks   313,203,912    99.5%       1,498,318          0.5%   
Marie-Lucie Morin        313,614,443    99.7%       1,087,787          0.3%   
Joseph M. Natale         313,945,805    99.8%         756,425          0.2%   
Scott F. Powers          308,556,823    98.0%       6,145,407          2.0%   
Kevin D. Strain          314,026,559    99.8%         675,671          0.2%   
Barbara G. Stymiest      307,712,811    97.8%       6,989,419          2.2%   

The voting results on all matters voted at the annual meeting of common shareholders will be available on the Sun Life website and through Canadian and U.S. securities regulators at SEDAR and the Securities and Exchange Commission website, respectively.

About Sun Life Financial Inc.

Sun Life is a leading international financial service organization, providing asset management, wealth, insurance and health solutions to individual and institutional Clients. Sun Life has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of March 31, 2023, Sun Life had total assets under management of $1.36-trillion.

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