SI Financial Group, Inc. Announces Cash Dividend

Business Wire,  March 15, 2006  

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WILLIMANTIC, Conn. -- First graph, second sentence, dates should read ...on or about April 28, 2006 ... close of business April 7, 2006. (sted ...on or about April 28, 2005 ... close of business April 7, 2005.)

The corrected release reads:

SI FINANCIAL GROUP, INC. ANNOUNCES CASH DIVIDEND

The Board of Directors of SI Financial Group, Inc. (the "Company") (Nasdaq/NMS: SIFI) today declared a cash dividend on the Company's outstanding shares of common stock. The dividend of $0.04 per share will be paid on or about April 28, 2006 to stockholders of record as of the close of business on April 7, 2006.

SI Bancorp, MHC, the Company's mutual holding company parent, intends to file notice with the Office of Thrift Supervision of its intent to waive receipt of the dividend.

SI Financial Group, Inc. is the holding company for Savings Institute Bank and Trust Company, headquartered in Willimantic, Connecticut.

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