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Oil Sands Split Trust (TSX: OST.PR.A) Announces a Distribution of $0.36125 per Preferred Security for First Quarter 2006

Toronto: Oil Sands Split Trust is pleased to announce a quarterly interest payment of $0.36125 per Preferred Security. The interest is payable on March 15, 2006 to unitholders of record on March 3, 2006.

Oil Sands Split Trust: Oil Sands Split Trust offers investors both Preferred Securities and Capital Units. The Trust holds units of Canadian Oil Sands Trust in order to fund quarterly fixed-interest payments on the Trust’s Preferred Securities, and to enable the holders of the Trust’s Capital Units to participate in any capital appreciation in the Canadian Oil Sands units and to benefit from any increase in the distributions paid on those units.

Sentry Select Capital Corp.: Sentry Select Capital Corp., the administrator of the Trust, provides investment, administrative and marketing services to 22 exchange-listed closed-end funds, 11 mutual funds, eight principal-protected notes and four flow-through limited partnerships. Sentry Select is one of the largest Canadian investment managers in the income trust sector. As of December 31, 2005, the firm had approximately $8.5 billion in gross assets under management.

More Information: Investor Services (broker/investor inquiries), Brian McOstrich (media inquiries) orKatherine Pawling (Corporate Secretary)

Tel: 1-888-246-6656 Fax: 416-364-1197

Documents (including press releases) regarding the various investment funds that are managed or advised by Sentry are provided for information purposes only and cannot be relied on to be complete, exhaustive or error-free unless the complete set of documents for any given investment fund with respect to which information is being sought is reviewed and then only on SEDAR (