Life Insurance Cos Exposure to AIG, Lehman, WaMu

Scotia Capital, 29 September 2008� Sun Life will take a $0.30 EPS hit on its $270 million WaMu bond exposure. Combined with $334 million in LEH exposure (75% write-down is a $0.28 EPS hit), and the $315 million AIG bond exposure ($88 million at holdco with a 60% writedown and the rest at op. co. with a 40% write-down for an estimated $0.16 EPS) gives a total $0.74 EPS hit in Q3/08.� MFC's