An anonymous director reports

SLGI ASSET MANAGEMENT INC. ANNOUNCES RISK RATING CHANGES TO SELECT FUNDS

Sun Life Financial Inc.'s SLGI Asset Management Inc. has made risk-rating changes to select funds.

In accordance with the investment risk classification methodology, mandated by the Canadian Securities Administrators, SLGI Asset Management reviews the risk ratings of its funds at least once a year, as well as when a fund undergoes a material change.

As of June 28, 2023, the funds listed in an attached table will change their risk ratings.

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.