Communiqués de presse

Global 45 Split Corp. Announces Notice of Intention to Purchase Units

July 5, 2004 - Global 45 Split Corp. (TSX: GFV and GFV.PR.A) announces that to permit the Company to acquire Preferred Shares or Class A Shares (the "Shares"), the Company has filed with the Toronto Stock Exchange a notice of intention to make normal course purchases of its Shares. The TSX has accepted the notice.

Under this normal course issuer bid the Company may purchase up to 180,000 Preferred Shares or 180,000 Class A Shares of the Company, representing 10% of the public float of the Company, which is the same number as the Company's outstanding Shares, being 1,800,000 Preferred Shares and 1,800,000 Class A Shares as of the date hereof. Purchases of Shares will commence on July 5, 2004 and will terminate on July 4, 2005, or on such earlier date as the Company may complete its purchases pursuant to the Notice. Purchases will be made in the open market through the facilities of the TSX in accordance with its rules and policies. The price that the Company will pay for any such Shares will be the market price of such Shares at the time of acquisition. Shares purchased will be cancelled.

To the knowledge of the Manager, no director, officer or other insider of the Manager or the Company intends at present to sell any Shares under this bid.

For further information, please contact Tanya Carey, Investor Relations, First Asset Funds Inc. at 1-877-642-1289.

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