Northwater Top 75 Income Trusts PLUS - Final net asset value - February 28,
2010 - Declaration of the final termination distribution

TORONTO, March 12 /CNW/ - The Northwater Top 75 Income Trusts PLUS (the "Trust") announced today that the final net asset value of the Trust per unit, as at February 28, 2010, is $0.1004381. In addition, the Trust declared the final termination distribution of $0.100441 per unit, which is expected to be paid on March 26, 2010 to unitholders of record on March 19, 2010.

As previously announced, the Trust completed the sale of Enhancement Fund Limited (the "Fund") to an arm's length unrelated third party pursuant to an auction process on December 30, 2009. On January 29, 2010, the Trust paid a second termination distribution to unitholders of record on January 22, 2010 in the amount of $1.00 per unit. At that time, the Trust announced that it needed to complete the process of conferring with each of the Trust's third party service providers to ensure that all outstanding and payable amounts to the third party service providers had been paid and satisfied. The Trust has completed this process and discharged its remaining liabilities. Accordingly, upon the payment of the final terminal distribution on March 26, 2010, the Trust will be formally terminated and cease to exist.

SOURCE NORTHWATER TOP 75 INCOME TRUSTS PLUS

For further information: For further information: Dan Mills at Northwater Capital Management Inc. at (416) 360-2101

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NORTHWATER TOP 75 INCOME TRUSTS PLUS

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