Ms. Alessandra Nigro reports

SUN LIFE COMPLETES THIRD SUSTAINABILITY BOND OFFERING

Sun Life Financial Inc. has successfully the public offering in Canada of $750-million principal amount of Series 2024-1 subordinated unsecured 5.12-per-cent fixed/floating debentures due 2036. An amount equal to the net proceeds from the offering of the debentures will be used to finance or refinance, in whole or in part, green and social assets within the company's general account that meet the eligibility criteria set out under Sun Life's 2024 sustainability bond framework.

The debentures were sold under a pricing supplement dated May 13, 2024, issued pursuant to the company's short-form base shelf prospectus and its prospectus supplement each dated March 24, 2023, all of which are available on the SEDAR+ profile for the company.

About Sun Life Financial Inc.

Sun Life is a leading international financial services 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, 2024, Sun Life had total assets under management of $1.47-trillion.

We seek Safe Harbor.