Attention Business/Financial Editors:

SCITI Total Return Trust Provides Summary of Operations For the Month of July 2008

    TORONTO, Aug. 19 /CNW/ - SCITI Total Return Trust (the "Trust") provides
the following unaudited summary of operations for the month ended July 31,
2008.
    During the month, distributions and other income, net of expenses, earned
by the Trust amounted to approximately $0.6 million or $0.10 per unit. In line
with its investment mandate, this amount will be reinvested in income fund
units included in the Trust's portfolio and used to fund units purchased under
the Trust's normal course issuer bid. During the month, no units were
purchased under its normal course issuer bid. The net asset value per unit as
at July 31, 2008 was $10.20. From inception to July 31, 2008 a total of
$1.62 per unit has been either reinvested in the underlying portfolio or used
to repurchase units.

    The Trust was created to provide holders of units with tax efficient
exposure to the total return of an approximately equally weighted portfolio of
the 100 largest income funds included in the Scotia Capital Income Trust Index
from time to time.
    Units are listed for trading on the TSX under the symbol STF.UN.

    %SEDAR: 00023434E

For further information: Investor Relations, SCITI Total Return Trust,
(416) 945-5369, E-mail: mc_scititrt@scotiacapital.com, Web site:
www.scotiamanagedcompanies.com