SNP Health Split Corp. Declares Quarterly Distribution

    TORONTO, July 22 /CNW/ - The Board of Directors of SNP Health Split Corp.
(the "Company") has today declared a return of capital distribution of
US$0.375 per Preferred Share payable on August 11, 2008 to holders of record
at the close of business on August 1, 2008.
    Holders of Preferred Shares are entitled to receive quarterly fixed
cumulative distributions equal to US$0.375 per Preferred Share.

    SNP Health Split Corp. is a mutual fund corporation created to hold a
portfolio of common shares (the "Portfolio Shares") of the companies that make
up the S&P Health Care Sector Index of the S&P 500 Index. The Company will
generate quarterly fixed cumulative preferential distributions for the
Preferred Shareholders and provide the Capital Shareholders with a leveraged
investment, the value of which is linked to changes in the market price of the
Portfolio Shares.
    Capital Shares and Preferred Shares of SNP Health Split Corp. are listed
for trading on The Toronto Stock Exchange under the symbols SNH.U and SNH.PR.U

    %SEDAR: 00017195E

For further information:

For further information: Investor Relations, SNP Health Split Corp.,
(416) 945-5255, E-mail:, Web site:

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