SandRidge Mississippian Trust II (SDR)

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SANDRIDGE MISSISSIPPIAN TRUST II

The Bank of New York Mellon Trust Company, N.A., Trustee



News Release



For Immediate Release



AUSTIN, Texas October 30, 2014 — SANDRIDGE MISSISSIPPIAN TRUST II (NYSE: SDR) today announced a quarterly distribution for the three-month period ended September 30, 2014 (which primarily relates to production attributable to the Trust’s interests from June 1, 2014 through August 31, 2014) of $15.0 million, or $0.402 per Common Unit. The Trust makes distributions on a quarterly basis approximately 60 days after the end of each quarter. The distribution is expected to occur on or before November 28, 2014 to holders of record as of the close of business on November 14, 2014.

During the three-month production period ended August 31, 2014, total sales volumes were lower than initial Trust estimates and lower than the previous period. This was primarily related to well performance and fewer development wells added during the period compared to the previous period. During the production period, NGL sales volumes were higher than in previous periods as a result of a contractual change to the gathering agreement. The period’s lower total sales volumes resulted in quarterly income available for distribution of $0.402 per Common Unit, which is below the subordination threshold.