Press Releases

Utility Split Trust: Press Release

TORONTO, December 18, 2009 - Utility Split Trust (TSX: UST.PR.A, UST.UN) (the "Fund") announces an estimated quarterly distribution of $0.15 per Preferred Security and an estimated monthly distribution of $0.05 per Capital Unit for the month ending December 31, 2009. The distributions will be paid on or before January 15, 2010 to unitholders of record on December 31, 2009. The distributions will be confirmed shortly after the year-end, and prior to payment, once the Fund's year-end tax position is known.

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