Pengrowth Energy Trust announces cash distribution for January 15, 2005

Pengrowth Energy Trust announces cash distribution for January
15, 2005
Stock Symbol: (PGF.A / PGF.B) - TSX; (PGH) - NYSE 


CALGARY, Dec. 20  /PRNewswire-FirstCall/ -- Pengrowth Corporation
("Pengrowth"), administrator of Pengrowth Energy Trust ("Trust"), announced
today that the cash distribution for January 15, 2005 will be Cdn $0.23 per
trust unit. The distribution is net of amounts withheld to finance capital
expenditures. The ex-distribution dates are December 29, 2004 for Canadian
unitholders and December 30, 2004 for U.S. unitholders. The distribution will
be payable to all unitholders who hold Class A or Class B trust units on the
record dates of December 31, 2004 in Canada and January 3, 2005 in the U.S.
Purchasers of Class B trust units pursuant to the December 9, 2004 trust unit
offering will also be eligible to receive the January 15, 2005 distribution
payment as unitholders of record on December 31, 2004.

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 1.229.
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, 2004. Cash distributions paid over the past 12 months now total
Cdn $2.61 per trust unit or approximately U.S. $2.01 per trust unit.

The reclassification of the Trust Units of Pengrowth Energy Trust as Class A
trust units and Class B trust units was implemented July 27, 2004. Any persons
who continue to hold the original trust units will receive payment, no later
than December 31, 2004 and subject to withholding taxes at the maximum rate
required, of any distributions which have been withheld as a result of having
not provided the required residency declarations. Unitholders are reminded that
persons that continue to hold the original trust units will not receive the
regular monthly distribution payments during 2005 until such time as a duly
executed Letter of Transmittal (including the required residency declaration)
as well as their trust unit certificate are received at the offices of
Computershare Trust Company of Canada at which time they will receive either
the Class A or Class B trust units to which they are entitled.

Unitholders still in possession of the original trust unit certificates are
advised to call Computershare Trust Company of Canada's Corporate Actions
Department directly at 1-800-564-6253 or Pengrowth's investor relations
department at the contact information listed below.

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: [phone], Toll Free: 1-800-223-4122, Facsimile:

[phone], Investor Relations, Toronto, Toll Free: 1-888-744-1111,

Facsimile: [phone]

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