SNP.PR.V Partial Call for Redemption

SNP Split Corp has announced:

that it has called 220,819 Preferred Shares for cash redemption on June 4, 2008 (in accordance with the Company’s Articles) representing approximately 12.091% of the outstanding Preferred Shares as a result of the special annual retraction of 578,638 Capital Shares by the holders thereof. The Preferred Shares shall be redeemed on a pro rata basis, so that each holder of Preferred Shares of record on June 3, 2008 will have approximately 12.091% of their Preferred Shares redeemed. The redemption price for the Preferred Shares will be US$10.25 per share.

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