Pengrowth Energy Trust announces cash distribution for March 15, 2005 Stock Symbol: (PGF.A / PGF.B) - TSX; (PGH) - NYSE CALGARY, Feb. 18 /PRNewswire-FirstCall/ -- Pengrowth Corporation ("Pengrowth"), administrator of Pengrowth Energy Trust ("Trust"), announced today that the cash distribution for March 15, 2005 will be Cdn $0.23 per trust unit. The distribution is net of amounts withheld to finance capital expenditures. The ex-distribution date is February 25, 2005. The distribution will be payable to all unitholders who hold Class A or Class B trust units on the record date of March 1, 2005. The distribution of Cdn $0.23 per trust unit is equivalent to approximately U.S. $0.19 per trust unit using a U.S./Canadian dollar exchange ratio of 1.2325. 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 January, 2005. Cash distributions paid over the past 12 months now total Cdn $2.65 per trust unit or approximately U.S. $2.07 per trust unit. TAX UPDATE: ----------- Pengrowth currently anticipates that the 2004 Canadian Tax Information Sheet will be available on our website the week of February 21, 2005. Pengrowth reiterates that a U.S. tax information package, which includes a Substitute Schedule K-1 form, will be mailed to U.S. beneficial unitholders who owned Pengrowth units during 2004 on or about March 1, 2005. PENGROWTH CORPORATION James S. Kinnear, President DATASOURCE: Pengrowth Energy Trust CONTACT: about Pengrowth, please visit our website http://www.pengrowth.com/ or contact Investor Relations, E-mail: , Telephone: (403) 233-0224, Toll Free: 1-800-223-4122, Facsimile: (403) 294-0051; Investor Relations, Toronto, Toll Free: 1-888-744-1111, Facsimile: (416) 362-8191

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