Pengrowth Energy Trust
NYSE : PGH
TSX : PGF.UN

Pengrowth Energy Trust
Pengrowth Corporation

Pengrowth Corporation

December 18, 2006 18:45 ET

Pengrowth Energy Trust Confirms Cash Distribution for January 15, 2007

CALGARY, ALBERTA--(CCNMatthews - Dec. 18, 2006) - Pengrowth Corporation, administrator of Pengrowth Energy Trust (TSX:PGF.UN) (NYSE:PGH), today confirmed its January 15, 2007 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 December 27, 2006. The distribution will be payable to all Pengrowth unitholders who hold trust units on the record date of December 29, 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 1.1567. 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 November 2006. Cash distributions paid over the past 12 months now total Cdn $3.00 per trust unit or approximately U.S. $2.63 per trust unit.

PENGROWTH CORPORATION

James S. Kinnear, President

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