Cash Distribution by Pengrowth Energy Trust

Cash Distribution by Pengrowth Energy Trust

Pengrowth Corporation, administrator of Pengrowth Energy Trust was reported today that it has just released a report on its August 15, 2008 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 July 29, 2008. The distribution will be payable to all Pengrowth unitholders who hold trust units on the record date of July 31, 2008.

The distribution of Cdn $0.225 per trust unit is equivalent to approximately U.S. $0.225 per trust unit using a U.S./Canadian dollar exchange ratio of 0.9984. 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 June 2008. Cash distributions paid over the past 12 months now total Cdn $2.75 per trust unit or approximately U.S. $2.71 per trust unit.

Contacts: Pengrowth Investor Relations (403) 233-0224 or Toll Free: 1-888-744-1111 (403) 693-8889 (FAX)


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