Press Releases

Utility Split Trust: Press Release

TORONTO, January 6, 2009 - Utility Split Trust (TSX: UST.PR. A, UST.UN) (the "Trust") confirms the previously announced quarterly distribution of $0.15 per Preferred Security and monthly distribution of $0.025 per Capital Unit for the month ending December 31, 2008. The distribution will be paid on or before January 15, 2009 to unitholders of record on December 31, 2008.

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