Communiqués de presse

Split REIT Opportunity Trust: Distribution Press Release

TORONTO, July 22, 2009 - Split REIT Opportunity Trust (TSX: SOT.UN) announces that it is increasing its distribution to $0.04 per Capital Unit for the month ending July 31, 2009. The distribution will be paid to Capital Unitholders on or before August 14, 2009 to uniholders of record on July 31, 2009.

The Manager will assess the amount of distributions, if any, on a monthly basis, including consideration of the Preferred Security Test.

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