Dividend Declaration

Sun Life Fin.Services of Canada Inc
24 October 2001


LETTER TO:  COMPANY ANNOUNCEMENTS OFFICE

Re: Sun Life Financial Services of Canada Inc. (Stock Symbol: SLF)

Please be advised that the Board of Directors of Sun Life Financial Services of 
Canada Inc. has today declared the following quarterly dividend on the common 
shares of the Corporation as follows:

    12 cents in Canadian funds, payable on December 31, 2001, to shareholders of
    record as at the close of business on November 19, 2001.

From:  James E Henkel (Vice-President and Corporate Secretary)