Sun Life Financial Services of Canada, Inc.

Philippine Stock Exchange

PSE Circulars

PSE Circular for Brokers No. 778-00

March 24, 2000

PSE CIRCULAR FOR BROKERS NO. 778-00

SUBJECT:SUN LIFE FINANCIAL SERVICES OF CANADA, INC.
Final Offer Price and DST Computation

Further to Circular for Brokers No. 763-2000 dated March 23, 2000, please be informed of the final offer price of shares of Sun Life Financial Services of Canada, Inc. ("SLC"), in relation to its demutualization is set at:

Can$12.50 or P348.035*

The computation for Documentary Stamp Tax in relation to trading of SLC shares is as follows:

25% of 1% of offer price or = P0.87 per share.

For your information and guidance.

(SGD.) MARIA ISABEL T. GARCIA
OIC, Listings and Disclosure Group

* Bangko Sentral ng Pilipinas Treasury Department Reference Exchange Rate Bulletin for March 23, 2000 at P27.8428 per Canadian $1.00.

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