Cancellation of Shares

Sun Life Fin.Services of Canada Inc
20 March 2001





CANCELLATION OF COMMON SHARES PURCHASED PURSUANT TO
SUN LIFE FINANCIAL SERVICES OF CANADA
NORMAL COURSE ISSUER BID, MAY 15 2000 - MARY 14 2001

Further to the letter dated March 6, 2001, Sun Life Financial Services of Canada
Inc. has cancelled, as of March 12, 2001, the one (1) million common shares
purchased to date pursuant to its Normal Course Issuer Bid.