To date, equivalent development wells producing, or drilled and perforated for completion, during production periods upon which distributions are based are as follows:
|Equivalent Producing||Additional Drilled||Total Development|
|Development Wells||Development Wells*||Wells|
*Equivalent development wells that are not producing at the ‘As of’ date but have been drilled and perforated for completion
SandRidge Energy, Inc., the sponsor of SandRidge Mississippian Trust II will not host a conference call for this distribution, but will host a conference call for the next distribution in August 2012.
Pursuant to IRC Section 1446, withholding tax on income effectively connected to a United States trade or business allocated to foreign partners should be made at the highest marginal rate. Under Section 1441, withholding tax on fixed, determinable, annual, periodic income from United States sources allocated to foreign partners should be made at 30% of gross income unless the rate is reduced by treaty. This release is intended to be a qualified notice to nominees and brokers as provided for under Treasury Regulation Section 1.1446-4(b) by SandRidge Mississippian Trust II, and while specific relief is not specified for Section 1441 income, this disclosure is intended to suffice. Nominees and brokers should withhold 35% of the distribution made to foreign partners.