MCLEAN, Va., Feb. 7 /PRNewswire-FirstCall/ -- Sunrise Senior Living, Inc. (NYSE: SRZ) today announced that on February 6, 2006 it completed the redemption of its remaining 5.25% Convertible Subordinated Notes due February 1, 2009 (the "notes"). Prior to the redemption date, all but $7,000 of the approximately $120 million principal amount of the notes outstanding at the time the redemption was announced on January 11, 2006 had been converted into approximately 6.7 million shares of the Company's common stock. The conversion price was $17.92 per share in accordance with the terms of the indenture governing the notes. The dilutive effect of the issuance of these converted shares has been reflected in Sunrise's fully diluted share count since the notes were issued in the first quarter of 2002. The aggregate redemption price for the notes that remained outstanding after such conversions, including accrued and unpaid interest, was $7,127.

Sunrise Senior Living, a McLean, Va. based company, employs more than 40,000 people. As of December 31, 2005, Sunrise operated 415 communities in the United States, Canada, Germany and the United Kingdom with a combined capacity for more than 50,400 residents. Sunrise also had 50 communities under construction in these countries with a combined capacity for more than 6,000 residents. Sunrise offers a full range of personalized senior living services, including independent living, assisted living, care for individuals with Alzheimer's and other forms of memory loss, as well as nursing and rehabilitative care. Sunrise's senior living services are delivered by staff trained to encourage the independence, preserve the dignity, enable freedom of choice and protect the privacy of residents. To learn more about Sunrise please visit http://www.sunriseseniorliving.com.

Certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Sunrise believes the expectations reflected in such forward- looking statements are based on reasonable assumptions, there can be no assurances that its expectations will be realized. Sunrise's actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors, including, but not limited to, our ability to integrate The Fountains and Greystone into our operations, development and construction risks, acquisition risks, licensing risks, business conditions, competition, changes in interest rates, our ability to manage our expenses, market factors that could affect the value of our properties, the risks of downturns in general economic conditions, satisfaction of closing conditions and availability of financing for development and acquisitions. These and other risks are detailed in the Company's annual report on Form 10-K filed with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward- looking statements that become untrue because of subsequent events.

SOURCE Sunrise Senior Living

CONTACT:
Dave Spille
Vice President, Investor Relations and Capital Markets
Sunrise Senior Living
+1-703-744-1787