Energy Split Corp. II Inc. Declares Quarterly Distributions



    TORONTO, Aug. 28 /CNW/ - The Board of Directors of Energy Split Corp. II
Inc. (the "Company") today declared a return of capital distribution of
$0.1718 per ROC Preferred Share payable on September 16, 2008 to holders of
record at the close of business on September 9, 2008.
    In addition, the Board of Directors of the Company has declared a return
of capital distribution of $0.405 per Capital Yield Share payable on September
16, 2008 to holders of record at the close of business on September 9, 2008.
Consequently, the twelve month trailing distribution totals $1.67 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's ongoing dividend policy entitles holders of ROC Preferred
Shares to receive quarterly fixed cumulative distributions equal to
$0.1718 per ROC Preferred Share. The Capital Yield Shareholders are provided
with a leveraged play on the yield and price performance from a fixed
portfolio consisting of 17 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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