Further re Public Offering

Sun Life Fin.Services of Canada Inc
3 April 2000

SUN LIFE FINANCIAL OF CANADA TO ISSUE FURTHER 21.54 MILLION SHARES

(TORONTO - April 3, 2000) - Sun Life Financial of Canada announced today that
the underwriters of its Initial Public Offering (IPO) have exercised their
over-allotment options to acquire 21,540,437 common shares granted to them in
connection with the IPO.  

Net proceeds from the sale of these shares, of $Cdn 258,485,244, will be used
for general corporate purposes.  The additional shares issued will bring the
total number of common shares outstanding to 421,688,442.  The IPO, which closed
on March 29, was co-lead managed by Morgan Stanley & Co. Incorporated and RBC
Dominion Securities Inc.

Sun Life Financial of Canada is listed on the Toronto and New York Stock
Exchanges under the ticker symbol 'SLC', on the London Stock Exchange under the
ticker symbol 'SFC' and on the Philippine Stock Exchange under the symbol 'SLC'.
 The IPO and these listings completed the process of the conversion of Sun Life
Assurance Company of Canada from a company owned by its policyholders to one
owned by shareholders. 

Sun Life Financial Services of Canada Inc. and its subsidiary companies provide
a wide range of savings, retirement, pension and life and health insurance
products and services to individuals and corporate customers in select world
markets.  The Sun Life Financial Group operates primarily in Canada, the United
States and the United Kingdom, and also has operations in Asia and South
America.

THIS ANNOUNCEMENT IS NEITHER AN OFFER TO SELL NOR A SOLICITATION OF AN OFFER TO
BUY NOR SHALL THERE BE ANY SALE OF THESE SECURITIES IN ANY STATE OR JURISDICTION
IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL UNDER THE SECURITIES
LAWS OF SUCH STATE OR JURISDICTION.  THE OFFERING IS BEING MADE SOLELY BY MEANS
OF THE PROSPECTUS, A COPY OF WHICH ELIGIBLE INVESTORS CAN OBTAIN FROM THE
UNDERWRITERS.

Media contact:               Investor Relations contact:

Audrey Gouskos               Thomas Rice                         
[phone]               [phone]