Pengrowth Energy Trust
NYSE : PGH
TSX : PGF.UN

Pengrowth Energy Trust

October 23, 2007 18:25 ET

Pengrowth Energy Trust Announces Cash Distribution for November 15, 2007

CALGARY, ALBERTA--(Marketwire - Oct. 23, 2007) - Pengrowth Corporation, administrator of Pengrowth Energy Trust (TSX:PGF.UN) (NYSE:PGH), today announced its November 15, 2007 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 October 30, 2007. The distribution will be payable to all Pengrowth unitholders who hold trust units on the record date of November 1, 2007.

The distribution of Cdn $0.225 per trust unit is equivalent to approximately U.S. $0.235 per trust unit using a U.S./Canadian dollar exchange ratio of 0.9642. 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 September 2007. Cash distributions paid over the past 12 months now total Cdn $2.95 per trust unit or approximately U.S. $2.71 per trust unit.

PENGROWTH CORPORATION

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

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