Attention Business Editors:

Faircourt Split Trust Announces Clarification - Statutory Holiday and its Impact on Record Date for Partial Redemption of Preferred Securities

    /THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER
    UNITED STATES WIRE SERVICES./

    TORONTO, Oct. 6 /CNW/ - Further to the press release issued October 2,
2008, Faircourt Asset Management Inc., the Manager of Faircourt Split Trust
(the "Trust") (TSX: FCS.UN; FCS.PR.A), announces for clarification purposes
that due to the record date for the redemption falling on a Statutory Holiday,
under the terms of the Trust Indenture, the effective record date will fall to
the next business day, being October 14, 2008.

    %SEDAR: 00023268E

For further information: on the Faircourt Funds, please visit
www.faircourtassetmgt.com or please contact: Charles Taerk, President and CEO
or Douglas Waterson, CFO & Portfolio Manager at (416) 364-8989 or
1-800-831-0304