Pengrowth Energy Trust announces retirement of Chief Financial Officer Stock Symbol: (PGF.A / PGF.B) - TSX; (PGH) - NYSE CALGARY, Nov. 9 /PRNewswire-FirstCall/ -- Pengrowth Corporation ("Pengrowth"), administrator of Pengrowth Energy Trust, announced today the retirement of Robert B. Hodgins, Chief Financial Officer ("CFO") effective November 29, 2004 to pursue personal interests. Mr. Hodgins has made many valuable contributions to Pengrowth Energy Trust's growth and development over the past two years. Until a new CFO is appointed, the duties of the CFO will be assumed on an interim basis by Chris Webster, Vice President, Treasurer and the Pengrowth Energy Trust finance team. Mr. Hodgins has agreed to provide Pengrowth Energy Trust with continued advice and support, as required, beyond November 29, 2004. 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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