Pengrowth Energy Trust
NYSE : PGH
TSX : PGF.UN

Pengrowth Energy Trust
Pengrowth Corporation

Pengrowth Corporation

March 20, 2007 19:08 ET

Pengrowth Energy Trust Announces Cash Distribution for April 15, 2007

CALGARY, ALBERTA--(CCNMatthews - March 20, 2007) - Pengrowth Corporation (TSX:PGF.UN) (NYSE:PGH), administrator of Pengrowth Energy Trust, today announced its April 15, 2007 cash distribution will be Cdn $0.25 per trust unit. The distribution is net of amounts withheld to finance capital expenditures. The ex-distribution date is March 28, 2007. The distribution will be payable to all Pengrowth unitholders who hold trust units on the record date of March 30, 2007.

The distribution of Cdn $0.25 per trust unit is equivalent to approximately U.S. $0.21 per trust unit using a U.S./Canadian dollar exchange ratio of 1.1751. The actual U.S. dollar equivalent distribution will be based upon the actual U.S./Canadian exchange rate applied on the payment date, net of applicable Canadian withholding taxes. This distribution relates to the production month of February 2007. Cash distributions paid over the past 12 months now total Cdn $3.00 per trust unit or approximately U.S. $2.62 per trust unit.

PENGROWTH CORPORATION

James S. Kinnear, Chairman, President and Chief Executive Officer

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