Pengrowth Energy Trust
NYSE : PGH
TSX : PGF.UN

Pengrowth Energy Trust

December 18, 2007 18:03 ET

Pengrowth Energy Trust Announces Cash Distribution For January 15, 2008

CALGARY, ALBERTA--(Marketwire - Dec. 18, 2007) - Pengrowth Corporation, administrator of Pengrowth Energy Trust (TSX:PGF.UN) (NYSE:PGH), today announced its January 15, 2008 cash distribution will be Cdn $0.225 per trust unit. The distribution is net of amounts withheld to partially finance capital expenditures. The ex-distribution date is December 27, 2007. The distribution will be payable to all Pengrowth unitholders who hold trust units on the record date of December 31, 2007.

The distribution of Cdn $0.225 per trust unit is equivalent to approximately U.S. $0.224 per trust unit using a U.S./Canadian dollar exchange ratio of 1.0051. 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 November 2007. Cash distributions paid over the past 12 months now total Cdn $2.900 per trust unit or approximately U.S. $2.727 per trust unit.

PENGROWTH CORPORATION

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

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