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Utility Split Trust: Distribution Press Release

TORONTO, March 22, 2010 - Utility Split Trust (TSX: UST.PR.A, UST.UN) announces a quarterly distribution of $0.15 per Preferred Security and a monthly distribution of $0.05 per Capital Unit for the month ending March 31, 2010. The distribution will be paid on or before April 15, 2010 to unitholders of record on March 31, 2010.

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