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Utility Split Trust: Distribution Press Release

TORONTO, July 22, 2009 - Utility Split Trust (UST.UN) announces a distribution of $0.05 per Capital Unit for the month ending July 31, 2009. The distribution will be paid on or before August 14, 2009 to unitholders of record on July 31, 2009.

For further information, please contact Rob MacNiven, Investor Relations at 416-642-1289 or 1-877-642-1289 or visit www.firstasset.com.