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Sunrise Misses NYSE Deadline for Filing 2006 Form 10-K
Date:3/18/2008

Also Announces Internal Controls and Procedures Improvements, Corporate Governance Enhancements, Provides Update on Liquidity and Other Matters

MCLEAN, Va., March 18 /PRNewswire-FirstCall/ -- Sunrise Senior Living, Inc. (NYSE: SRZ) today announced that it has informed the New York Stock Exchange ("NYSE") that the Company did not meet the March 17, 2008 NYSE trading extension deadline for filing its 2006 Form 10-K. The Company also announced the adoption by the Board of Directors of a remedial framework, including structural changes to strengthen corporate governance and improve internal controls and procedures. In addition, the Company provided an update on liquidity and other matters.

The Company continues to work diligently to complete its 2006 Form 10-K and is awaiting the NYSE's determination with respect to the Company's listing status. In the event that the Company's common stock is suspended from trading on the NYSE, the Company's common stock is expected to be quoted on the Pink Sheets, an electronic quotation service for securities traded over- the-counter, with no interruption of trading in its shares.

"While we are disappointed that we were unable to meet the NYSE deadline, we have made substantial progress in completing our restatement, and look forward to the filing of our 2006 Form 10-K," said Paul Klaassen, founder and chief executive officer.

Mr. Klaassen continued, "Our business has continued to grow throughout the restatement period. In addition, our development pipeline is active and we expect to continue to build senior living communities in domestic and international markets with favorable demographics and market demand. We remain committed to investing in our future and to fulfilling our mi
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SOURCE Sunrise Senior Living, Inc.
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