Press Release - Cyclical Split NT Corp.

    TORONTO, July 3 /CNW/ - Cyclical Split NT Corp. ("Cyclical Split" or the
"Corporation") has announced that Mr. Farooq Moosa, President, Chief Executive
Officer and director of Cyclical Split resigned from the Corporation
yesterday, to be effective June 25, 2008.
    Mr. Duncan Marks has assumed the responsibilities of the President, Chief
Executive Officer and director of the Corporation, effective as of June 26,
2008. Mr. Marks joined BMO Nesbitt Burns Inc. in July 2004 and is currently a
Managing Director in BMO Capital Markets where he shares responsibility for
the BMO retail structured products platform. Mr. Marks has more than 17 years
of industry experience. He holds a BA from the University of Western Ontario
and is a Chartered Financial Analyst. Mr. Marks previously served as a member
of the board of directors of the Toronto Society of Financial Analysts.
    The Capital Shares and Preferred Shares of Cyclical Split NT Corp. are
listed for trading on the Toronto Stock Exchange under the symbols CYC and
CYC.PR.A, respectively.

For further information:

For further information: Investor Relations, Cyclical Split NT Corp.,
(416) 359-4541

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