Shares Issued and Outstanding

Sun Life Fin.Services of Canada Inc
6 September 2001

Letter to Sun Life Financial Services of Canada Inc

Letter dated 4 September 2001

Re Sun Life Financial Services of Canada Inc

As Transfer Agent and Registrar for the common shares of Sun Life Financial 
Services of Canada Inc, we confirm the following:

Common shares issued and outstanding as at July 31, 2001        420,708,246
Rectification share issuance                                          - 912
Common shares issued and outstanding as at August 31, 2001      420,707,334



Letter from  CIBC Mellon Trust Company


CHANGES IN CAPITAL STRUCTURE OF LISTED COMPANIES 

Employee Stock Options and Stock Purchase Plans, 
Options for Services and Related Matters 

Company Name:     Sun Life Financial Services of Canada Inc. 
Stock Symbol:     SLC 
For Month Ending: August 31, 2001 
Date Prepared:    September 6, 2001 
Company Contact:  Terri Hammond 
                                                                              
  Stock Options Outstanding 
  - Opening Balance - EXECUTIVES' STOCK OPTION PLAN   4,337,000                 
                                                 
  Options Granted: (Add)                                                      
  Date of Grant     Name                   Expiry  Price             Number   
                                             Date                             
                                                                              
  August 1,2001     Executives' Stock      August  CAD $38.50        12,900   
                    Option Plan           1, 2011                               
  Subtotal                                                           12,900     
                     
  Options Exercised (Subtract)
  Date              Name                     Date  Price             Number   
                                               of                               
                                            Grant                             
                                                                     Nil      
  Subtotal                                                           Nil        
                                                       
  Options Cancelled: (Subtract)                                               
  Date              Name                     Date  Price             Number   
                                               of                               
                                            Grant                             
  July 31, 2001     Executives' Stock       March  USD $18.76        1,900    
                    Option Plan          30, 2001                               
  August 3, 2001    Executives' Stock       March  CAD $29.49        3,500    
                    Option Plan          30, 2001                               
  Subtotal                                                           5,400      
  Closing Stock Option Plan Balance                              4,344,500      
                          
                                                                              
  Opening Reserve Balance -Executives' Stock 
                           Option Plan                          29,525,000
  Additional Listing Under 
    Plan (Add)                                         
  Stock Options Exercised 
   (Subtract)                                          
  Closing Reserve Balance                                       29,525,000      
                                   
  Reason for Increase or Reduction                                   
  Issued and Outstanding - Opening Balance                     420,708,246      
  Stock Options Exercised                                                     
  Share Purchase Plan                                                         
  Warrants                                                                    
  Rectification Shares  issued/(Cancelled)                            (912)     
  Issuer Bid Cancellation                                                     
  Closing Issued Capital Balance                               420,707,334      
                          

  Stock Options Outstanding 
  - Opening Balance - SPECIAL 2001 AWARD STOCK OPTION PLAN         861,200      
                                                 
  Options Granted: (Add)                                                      

  Date of Grant     Name                    Expiry      Price         Number  
                                            Date                              
  March 30, 2001    Reinstatement of        March 30,   USD $18.76    100     
                    Special 2001 Stock      2011                              
                    Option Plan which was                                     
                    cancelled on the July                                     
                    31, 2001 report.                                          
  Subtotal                                                            100       
                                               
  Options Exercised (Subtract)
  Date              Name                    Date of     Price         Number  
                                            Grant                             
                                                                      Nil     
  Subtotal                                                            Nil       
  Options Cancelled: (Subtract)                                               
   Date             Name                    Date        Price         Number  
                                            of Grant                          
  July 1, 2001      Special 2001 Stock      March 30,   CAD $29.49    100     
                    Option Plan             2001                              
  July 5, 2001      Special 2001 Stock      March 30,   CAD $29.49    100     
                    Option Plan             2001                              
  July 10, 2001     Special 2001 Stock      March 30,   CAD $29.49    100     
                    Option Plan             2001                              
  July 16, 2001     Special 2001 Stock      March 30,   CAD $29.49    500     
                    Option Plan             2001                              
  July 18, 2001     Special 2001 Stock      March 30,   CAD $29.49    100     
                    Option Plan             2001                              
  July 19, 2001     Special 2001 Stock      March 30,   CAD $29.49    100     
                    Option Plan             2001                              
  July 20, 2001     Special 2001 Stock      March 30,   CAD $29.49    600     
                    Option Plan             2001                              
  July 23, 2001     Special 2001 Stock      March 30,   CAD $29.49    100     
                    Option Plan             2001                              
  July 24, 2001     Special 2001 Stock      March 30,   CAD $29.49    100     
                    Option Plan             2001                              
  July 25, 2001     Special 2001 Stock      March 30,   CAD $29.49    100     
                    Option Plan             2001                              
  July 26, 2001     Special 2001 Stock      March 30,   CAD $29.49    200     
                    Option Plan             2001                              
  July 27, 2001     Special 2001 Stock      March 30,   CAD $29.49    1200    
                    Option Plan             2001                              
  July 28, 2001     Special 2001 Stock      March 30,   USD $18.76    200     
                    Option Plan             2001                              
  July 30, 2001     Special 2001 Stock      March 30,   CAD $29.49    600     
                    Option Plan             2001                              
  July 31, 2001     Special 2001 Stock      March 30,   CAD $29.49    800     
                    Option Plan             2001                              
  August 1, 2001    Special 2001 Stock      March 30,   USD $18.76    100     
                    Option Plan             2001                              
  August 2, 2001    Special 2001 Stock      March 30,   USD $18.76    800     
                    Option Plan             2001                              
  August 2, 2001    Special 2001 Stock      March 30,   USD $18.76    700     
                    Option Plan             2001                              
  August 3, 2001    Special 2001 Stock      March 30,   USD $18.76    100     
                    Option Plan             2001                              
  August 3, 2001    Special 2001 Stock      March 30,   CAD $29,49    500     
                    Option Plan             2001                              
  August 4, 2001    Special 2001 Stock      March 30,   USD $18.76    100     
                    Option Plan             2001                              
  August 5, 2001    Special 2001 Stock      March 30,   USD $18.76    100     
                    Option Plan             2001                              

 
Continued: SPECIAL 2001 AWARD STOCK OPTION PLAN 

                                                                              
  Options Cancelled: (Subtract)                                               
  Date                Name            Date of        Price         Number     
                                      Grant                                   
  August 7, 2001      Special 2001    March 30,      USD $18.76    100        
                      Stock Option    2001                                    
                      Plan                                                    
  August 9, 2001      Special 2001    March 30,      USD $18.76    100        
                      Stock Option    2001                                    
                      Plan                                                    
  August 10, 2001     Special 2001    March 30,      USD $18.76    100        
                      Stock Option    2001                                    
                      Plan                                                    
  Subtotal                                                       7,600          
                                                   
  Closing Stock Option Plan                                    853,700          
                                
                                                                              
  Opening Reserve 
   Balance          - Special 2001 Award 
                      Stock Option Plan                     1,150,000 
 
  Additional Listing 
   Under Plan (Add)                                         
  Stock Options Exercised 
   (Subtract)                                          
  Closing Reserve Balance                                    1,150,000          
                                

                                                                              
  Stock Options Outstanding 
  - Opening Balance - DIRECTORS' STOCK OPTION PLAN              28,000          
                                                           
  Options Granted: (Add)                                                      
  Date of Grant                     Name    Expiry Date      Price    Number  
                                                                              
  Subtotal                                                            Nil       
                                                        
  Options Exercised (Subtract)
  Date                              Name    Date of Grant    Price    Number  
                                                                              
  Subtotal                                                            Nil       
                                                        
  Options Cancelled: (Subtract)                                               
  Date                              Name    Date of Grant    Price    Number  
                                                                              
  Subtotal                                                            Nil       
                                                        
  Closing Stock Option Plan Balance                                   28,000    
                               
                                                                              
  Opening Reserve Balance    - Directors' Stock
                               Option Plan                           150,000  
  Additional Listing Under 
   Plan (Add)                                     
  Stock Options Exercised 
   (Subtract)                                          
  Closing Reserve Balance                                            150,000