SINGAPORE
-�Media OutReach�- 24 August
2020 - Sun Life Assurance
Company of Canada Singapore Branch ("Sun Life Singapore") today announced a
donation of S$25,500 to The N.1
Institute for Health ("N.1") which will go towards helping the community
through the IDentif.AI project. The donation is part of a global C$1 million pledge,
announced by Sun Life in March 2020, to provide support for communities
battling COVID-19 around the world.

Belinda Au, Chief
Executive Officer of Sun Life Assurance Company of Canada Singapore Branch
(right) presented the donation cheque to Professor Dean Ho of The N.1 Institute
for Health (left).

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In 2020,
N.1 pioneered IDentif.AI, an AI-driven platform that can rapidly pinpoint the
best combination therapy regimens against infectious diseases. Since the
outbreak of COVID-19, N.1 has started to explore therapies for COVID-19
patients using the IDentif.AI platform. N.1 is part of the National University
of Singapore.

Belinda
Au, Chief Executive Officer of Sun Life Singapore said, "Founded more than 150
years ago, Sun Life today helps millions around the world achieve lifetime
financial security and live healthier lives. We are pleased to be part of the
Singapore community after the opening of our office here in May and are
committed to playing our part in the fight against COVID-19. Established in 2018,
N.1 has been at the forefront of health innovation. We hope our donation can
help supercharge the COVID-19 study initiated by N.1 which aims to develop the
optimal dosage of drugs that can be used in combination for treatment of
COVID19 patients."

Professor Dean Ho, Director of N.1 said, "We are grateful for the generosity of Sun Life
Singapore. IDentif.AI uniquely uses a strategically designed and small set of
experiments to simultaneously pinpoint the best drugs and doses from an
extraordinarily large number of possible drug combinations. The platform has
successfully addressed over 40 diseases and multiple human clinical studies that
have led to life-saving outcomes."

Sun Life Singapore is licence by the Monetary
Authority of Singapore since May 2020. Sun Life Singapore will offer life
insurance solutions to help High Net Worth Clients grow, protect and transfer
their wealth to the next generation.

About Sun Life

Sun Life is a leading international financial
services organization providing insurance, wealth and asset management solutions
to individual and corporate 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 June 30, 2020, Sun Life had total assets under
management of C$1,122 billion. For more information, please visit
www.sunlife.com.

Sun Life Financial Inc. trades on the Toronto
(TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker
symbol SLF.

Sun Life Assurance Company of Canada
is an insurance company federally incorporated in Canada, with OSFI Institution
Code F380 and its registered office at 1 York Street, Toronto, Ontario, Canada
M5J 0B6. It is regulated by Office of the Superintendent of Financial
Institutions, Canada. Sun Life Assurance Company of Canada Singapore Branch
(UEN T19FC0132B) is registered with the Accounting and Corporate Regulatory
Authority of Singapore as a foreign company, with its registered office at One
Raffles Quay, #10-03 North Tower, Singapore 04583. It is licensed and regulated
by the Monetary Authority of Singapore. Where Sun Life Assurance Company of
Canada Singapore Branch is referred to as "Sun Life Singapore", this is
strictly for marketing and branding purposes only, and no legal significance is
expressed or implied. Sun Life Assurance Company of Canada is a member of the
Sun Life group of companies. The Sun Life group of companies operates under the
"Sun Life" name. Sun Life Financial Inc., the publicly traded holding company
for the Sun Life group of companies, is not a product offering company and is
not the guarantor of the obligations of its subsidiaries. � 2020 Sun Life
Assurance Company of Canada. All rights reserved. The name Sun Life and the
globe symbol are registered trademarks of Sun Life Assurance Company of Canada.