Energy Split Corp. Announces Partial Call for Redemption

    TORONTO, Aug. 31 /CNW/ - Energy Split Corp. (the "Company") announced
today that it has called 2,400 Preferred Shares for cash redemption on
September 14, 2007 (in accordance with the Company's Articles) representing
approximately 0.099% of the outstanding Preferred Shares as a result of the
special annual retraction of 2,400 Capital Shares by the holders thereof. The
Preferred Shares shall be redeemed on a pro rata basis, so that each holder of
Preferred Shares of record on September 13, 2007 will have approximately
0.099% of their Preferred Shares redeemed. The redemption price for the
Preferred Shares will be $21.00 per share.
    Holders of Preferred Shares that are on record for the dividend but have
been called for redemption will be entitled to receive dividends thereon which
have been declared but remain unpaid up to but not including September 14,
    Payment of the amount due to holders of Preferred Shares will be made by
the Company on September 14, 2007. From and after September 14, 2007 the
holders of Preferred Shares that have been called for redemption will not be
entitled to dividends or to exercise any right in respect of such shares
except to receive the amount due on redemption.
    The Company is a mutual fund corporation created to hold a portfolio
consisting of 23 publicly listed oil and gas royalty trusts. The Company
generates a fixed cumulative preferential tax efficient quarterly distribution
for the Preferred Shareholders and provides the Capital Yield Shareholders
with a leveraged play on the yield and price performance from the fixed
    Capital Yield Shares and Preferred Shares of Energy Split Corp. Inc. are
listed for trading on The Toronto Stock Exchange under the symbols ES and
ES.PR.B respectively.

    %SEDAR: 00019693E

For further information:

For further information: Investor Relations, Energy Split Corp. Inc.,
(416) 945-4870, E-mail:, Web site:

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