Pengrowth Energy Trust
TSX : PGF.A
TSX : PGF.B
NYSE : PGH

Pengrowth Energy Trust
Pengrowth Corporation

Pengrowth Corporation

February 18, 2005 12:38 ET

Pengrowth Energy Trust Announces Cash Distribution for March 15, 2005

CALGARY, ALBERTA--(CCNMatthews - Feb. 18, 2005) - Pengrowth Corporation
("Pengrowth"), administrator of Pengrowth Energy Trust ("Trust"), announced
today that the cash distribution for March 15, 2005 will be Cdn $0.23 per trust
unit. The distribution is net of amounts withheld to finance capital
expenditures. The ex-distribution date is February 25, 2005. The distribution
will be payable to all unitholders who hold Class A or Class B trust units on
the record date of March 1, 2005.

The distribution of Cdn $0.23 per trust unit is equivalent to approximately U.S.
$0.19 per trust unit using a U.S./Canadian dollar exchange ratio of 1.2325. 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
January, 2005. Cash distributions paid over the past 12 months now total Cdn
$2.65 per trust unit or approximately U.S. $2.07 per trust unit.

TAX UPDATE:

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Pengrowth currently anticipates that the 2004 Canadian Tax Information Sheet
will be available on our website the week of February 21, 2005.

Pengrowth reiterates that a U.S. tax information package, which includes a
Substitute Schedule K-1 form, will be mailed to U.S. beneficial unitholders who
owned Pengrowth units during 2004 on or about March 1, 2005.

PENGROWTH CORPORATION

James S. Kinnear, President

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