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Press release from Marketwire

Big 8 Split Inc. Announces Partial Call for Redemption

Friday, December 02, 2011

Big 8 Split Inc. Announces Partial Call for Redemption12:17 EST Friday, December 02, 2011TORONTO, ONTARIO--(Marketwire - Dec. 2, 2011) - Big 8 Split Inc. (TSX:BIG.A) (TSX:BIG.PR.B) (TSX:BIG.PR.C) announced today that it has called a total of 368,040 Preferred Shares, comprised of 174,186 Class B Preferred Shares and 193,854 Class C Preferred Shares, for cash redemption on December 15, 2011 representing approximately 20.0% of all outstanding Preferred Shares as a result of holders of 368,040 Capital Shares exercising their special annual retraction rights. The Preferred Shares shall be redeemed on a pro rata basis, so that holders of record of Preferred Shares on the close of business on December 14, 2011 will have approximately 20.0% of their Preferred Shares redeemed. The redemption price for the Preferred Shares will be $12.00 per share. Holders of Preferred Shares that have been called for redemption will only be entitled to receive dividends on those which have been declared but remain unpaid up to and including December 15, 2011.As a result, a total of 368,040 Preferred and Capital Shares, or approximately 20.0% of both classes of shares currently outstanding will be redeemed.Payments and delivery of cash and common shares owing as a result of shareholders having exercised their retraction privilege and the above notice of call, will be made by the Company on December 15, 2011.Big 8 Split was established to generate dividend income for holders of the Preferred Shares while providing holders of the Capital Shares, with a leveraged opportunity to participate in capital appreciation from a portfolio of common shares of Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, The Toronto-Dominion Bank, Great-West Lifeco Inc., Manulife Financial Corporation, and Sun Life Financial Inc.Information concerning Big 8 Split Inc. is available on our website at www.tdsponsoredcompanies.com.The Capital Shares and Preferred Shares of Big 8 Split are listed on the Toronto Stock Exchange under the symbols BIG.A, BIG.pr.B and BIG.pr.C respectively.FOR FURTHER INFORMATION PLEASE CONTACT: Investor RelationsBig 8 Split Inc.416-982-2680