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MARINE PETROLEUM TRUST
ANNOUNCES THIRD QUARTER CASH DISTRIBUTION

DALLAS, Texas, August 19, 2008 – U. S. Trust, as Trustee of the Marine Petroleum Trust (NASDAQ: MARPS), today declared a quarterly cash distribution to the holders of its units of beneficial interest of $.769788 per unit, payable on September 29, 2008, to unit holders of record on August 29, 2008.

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Contact:       Ron E. Hooper
Senior Vice President
U.S. Trust, Bank of America Private Wealth Management, Trustee Toll Free – 800.985.0794
The Trustee for Marine Petroleum Trust is Bank of America, N.A.