Here's another example that I think should work, but in the p-adic world.
Let $F$ be a p-adic field, and consider the group $G = SL(2,F)$. Inside $G$, we various elliptic tori as follows : Let $E$ be a quadratic extension of $F$. Then $T := E^1$, the set of norm $1$ elements in $E$, embeds in $SL(2,F)$ as $a + b \delta$ maps to the $2 \times 2$ matrix $(a,b, b \Delta, a)$ where $E = F(\sqrt{\Delta})$, $\delta = \sqrt{\Delta}$.
i.e. a in upper left, b in upper right, $b \Delta$ in lower left, $a$ in lower right (sorry, I don't seem to be using the array command correctly here).
Now, $G$ has a canonical $2$-fold cover $\widetilde{G} = \widetilde{SL(2,F)}$, the metaplectic cover. It sits in an exact sequence $$1 \rightarrow \mathbb{Z} / 2 \mathbb{Z} \rightarrow \widetilde{G} \rightarrow G \rightarrow 1$$
This is a topological central extension. Moreover, the 2-cocycle of this extension can be written down explicitly, but we won't need the full cocycle. For more information, see page 7 of
http://citeseerx.ist.psu.edu/viewdoc/download;jsessionid=7B8F219E349E46B736984D32600EB0CB?doi=10.1.1.78.7539&rep=rep1&type=pdf
This extension restricts to an extension $$1 \rightarrow \mathbb{Z} / 2 \mathbb{Z} \rightarrow \widetilde{T} \rightarrow T \rightarrow 1$$
where $\widetilde{T} := \pi^{-1}(T)$, where $\pi$ is the projection $\pi : \widetilde{G} \rightarrow G$. It's a fact that the 2-cocycle of this extension is given by $c(x,y) = (x,y)_F$, where $( \cdot, \cdot)_F$ is the Hilbert symbol of $F$ (see loc. cit.)
In order to determine whether this extension splits as abstract groups, we just need to show whether any primage of $-1 \in T$ has order $2$ (for the proof of this, see page 8 loc. cit.). The definition of multiplication in an extension says that $(\pm 1, -1)^2 = (1, (-1,-1)_F)$. So at least if $F$ has residual characteristic $\neq 2$, we have that $(-1,-1)_F = 1$. Therefore, the above sequence splits as abstract groups.
However, by Remark 4.1 of loc. cit., this sequence also splits topologically.
After reading Kevin's comment, here is a response that hopefully will answer the question.
A general class of examples that answer the question can be gleamed from Moore's paper "Group extensions of p-adic and adelic linear groups". In this paper, Moore defined cohomology groups that take into account topology. That is, (I quote from the second paragraph of his paper) "If $G$ and $A$ are locally compact separable topological groups, and if $G$ acts on $A$ as a topological transformation group of automorphisms, one may modify the definitions and arrive at cohomology groups $H^n(G,A)$ which take into account the topology".
Let $G$ be a locally compact separable group, and $A$ a locally compact separable topological $G$-module. As in Moore's notation, we let $G^a$ and $A^a$ denote the underlying abstract groups of $G$ and $A$ respectively, considered without their topologies. Denote $H^n(G^a,A)$ the ordinary group cohomology (no topologies considered. Again this is Moore's notation). Then we have the natural homomorphism $$ H^n(G,A) \rightarrow H^n(G^a,A)$$
$\mathbf{Theorem \ 2.3}$ (of Moore's paper) : If $G$ is perfect, then the natural map $H^2(G,A) \rightarrow H^2(G^a,A)$ is injective.
Thus, with the given assumptions on $G$ and $A$, take any topological extension $$1 \rightarrow A \rightarrow E \rightarrow G \rightarrow 1$$ that splits algebraically. Then it splits topologically.