Energy Split Corp. II Inc. Declares Quarterly Distributions



    TORONTO, Nov. 29 /CNW/ - The Board of Directors of Energy Split Corp. II
Inc. (the "Company") today declared a return of capital distribution of
$0.2657 per ROC Preferred Share payable on December 14, 2007 to holders of
record at the close of business on December 13, 2007.
    In addition, the Board of Directors of the Company has declared a return
of capital distribution of $0.50 per Capital Yield Share payable on
December 14, 2007 to holders of record at the close of business on
December 13, 2007. Consequently, the twelve month trailing distribution totals
$2.035 per Capital Yield Share. Distributions paid by the Company will vary
with the actual distributions of the underlying portfolio of oil and gas funds
and such variations may be material.
    The Company has been created in order to generate fixed cumulative tax
efficient distributions for the ROC Preferred Shareholders representing a
yield of 4.25% per annum on the $25.00 offering price. The Capital Yield
Shareholders are provided with a leveraged play on the yield and price
performance from a fixed portfolio consisting of 22 oil and gas royalty trusts
listed on the Toronto Stock Exchange.

    Capital Yield Shares and ROC Preferred Shares of Energy Split Corp. II
Inc. are listed for trading on The Toronto Stock Exchange under the symbols EN
and EN.PR.A respectively.

    %SEDAR: 00021250E




For further information:

For further information: Investor Relations, Energy Split Corp. II Inc.,
(416) 945-4777, E-mail: mc_energysplit2@scotiacapital.com, Web site:
www.scotiamanagedcompanies.com

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ENERGY SPLIT CORP. II INC.

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