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

Pengrowth Energy Trust
Pengrowth Corporation

Pengrowth Corporation

January 23, 2006 18:55 ET

Pengrowth Energy Trust Confirms Cash Distribution for February 15, 2006

CALGARY, ALBERTA--(CCNMatthews - Jan. 23, 2006) - Pengrowth Corporation (TSX:PGF.A) (TSX:PGF.B) (NYSE:PGH), administrator of Pengrowth Energy Trust, today confirmed its February 15, 2006 cash distribution will be Cdn $0.25 per trust unit. The distribution is net of amounts withheld to finance capital expenditures. The ex-distribution date is January 30, 2006. The distribution will be payable to all unitholders who hold Class A or Class B trust units on the record date of February 1, 2006.

The distribution of Cdn $0.25 per trust unit is equivalent to approximately U.S. $0.22 per trust unit using a U.S./Canadian dollar exchange ratio of 1.1635. 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 December, 2005. Cash distributions paid over the past 12 months now total Cdn $2.82 per trust unit or approximately U.S. $2.35 per trust unit.

PENGROWTH CORPORATION

James S. Kinnear, President

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