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Utility Split Trust: Distribution Press Release

TORONTO, September 20, 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 September 30, 2010. The distribution will be paid on or before October 15, 2010 to unitholders of record on September 30, 2010.

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