Energy Split Corp. Announces Partial Call for Redemption

    TORONTO, Aug. 29 /CNW/ - Energy Split Corp. (the "Company") announced
today that it has called 24,300 Preferred Shares for cash redemption on
September 16, 2008 (in accordance with the Company's Articles) representing
approximately 1.110% of the outstanding Preferred Shares as a result of the
special annual retraction of 253,600 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 15, 2008 will have
approximately 1.110% 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 dividends 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 16,
    Payment of the amount due to holders of Preferred Shares will be made by
the Company on September 16, 2008. From and after September 16, 2008 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 19 publicly listed oil and gas royalty trusts. The Company
generates a fixed cumulative preferential tax efficient quarterly distribution
for the Class B Preferred Shareholders and provides the Capital Yield
Shareholders with a leveraged play on the yield and price performance from the
fixed portfolio.
    Capital Yield Shares and Class B 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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