Pengrowth Energy Trust

Pengrowth Energy Trust
Pengrowth Corporation

Pengrowth Corporation

August 21, 2007 22:01 ET

Pengrowth Energy Trust Announces Cash Distribution for September 15, 2007

CALGARY, ALBERTA--(Marketwire - Aug. 21, 2007) - Pengrowth Corporation, administrator of Pengrowth Energy Trust (TSX:PGF.UN)(NYSE:PGH), today announced its September 15, 2007 cash distribution will be Cdn $0.25 per trust unit. The distribution is net of amounts withheld to partially finance capital expenditures. The ex-distribution date is August 29, 2007. The distribution will be payable to all Pengrowth unitholders who hold trust units on the record date of August 31, 2007.

The distribution of Cdn $0.25 per trust unit is equivalent to approximately U.S. $0.23 per trust unit using a U.S./Canadian dollar exchange ratio of 1.0764. 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 July 2007. Cash distributions paid over the past 12 months now total Cdn $3.00 per trust unit or approximately U.S. $2.68 per trust unit.


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

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