B Split II Corp. Declares Quarterly Distribution

    TORONTO, Aug. 6 /CNW/ - The Board of Directors of B Split II Corp. (the
"Company") has declared today an ordinary quarterly dividend of $0.1036 per
Preferred Share payable on August 29, 2008 to holders of record at the close
of business on August 22, 2008. Holders of Preferred Shares are entitled to
receive quarterly fixed cumulative dividends equal to $0.1036 per Preferred
Share. No dividend was paid by BCE Inc. during the quarter, and as a result,
the Company will fund this distribution through the sale of BCE Inc. shares.
    The Company's Capital Share distribution policy is to pay holders of
Capital Shares quarterly distributions in an amount equal to the dividends
received by the Company on the BCE Inc. common shares minus the dividends
payable on the Preferred Shares and all administrative and operating expenses.
As a result of BCE Inc. ceasing to pay a dividend, no dividend has been
declared on the Capital Shares.

    B Split II Corp. is a mutual fund corporation created to hold a portfolio
of common shares of BCE Inc. Capital Shares and Preferred Shares of B Split II
Corp. are listed for trading on The Toronto Stock Exchange under the symbols
BXN and BXN.PR.B respectively.

For further information:

For further information: Investor Relations, B Split II Corp., (416)
945-4111, E-mail: mc_bsplit2@scotiacapital.com, Web site:

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