Pengrowth Energy Trust

Pengrowth Energy Trust

June 19, 2008 16:15 ET

Pengrowth Energy Trust Announces Cash Distribution for July 15, 2008

CALGARY, ALBERTA--(Marketwire - June 19, 2008) - Pengrowth Corporation, administrator of Pengrowth Energy Trust (TSX:PGF.UN) (NYSE:PGH), today announced its July 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 June 26, 2008. The distribution will be payable to all Pengrowth unitholders who hold trust units on the record date of June 30, 2008.

The distribution of Cdn $0.225 per trust unit is equivalent to approximately U.S. $0.221 per trust unit using a U.S./Canadian dollar exchange ratio of 0.9805. 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 May 2008. Cash distributions paid over the past 12 months now total Cdn $2.80 per trust unit or approximately U.S. $2.74 per trust unit.


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

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