Petro-Canada Declares Quarterly Dividend

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Thu Oct 23, 2008 10:35am EDT 

  CALGARY, ALBERTA, Oct 23 (MARKET WIRE) -- 
Petro-Canada announces a quarterly dividend of $0.20 per share on the
outstanding common shares of the Company, payable on January 1, 2009 to
shareholders of record at the close of business on December 3, 2008.

    Petro-Canada is one of Canada's largest oil and gas companies, operating
in both the upstream and downstream sectors of the industry in Canada and
internationally. The Company creates value by responsibly developing
energy resources and providing world class petroleum products and
services. Petro-Canada is proud to be a National Partner to the Vancouver
2010 Olympic and Paralympic Winter Games. Petro-Canada's common shares
trade on the Toronto Stock Exchange (TSX) under the symbol PCA and on the
New York Stock Exchange (NYSE) under the symbol PCZ.

Contacts:
Investor and analyst inquiries:
Ken Hall, Investor Relations
Petro-Canada (Calgary)
(403) 296-7859
Email: investor@petro-canada.ca

Media and general inquiries:
Andrea Ranson, Corporate Communications
Petro-Canada (Calgary)
(403) 296-4610
Email: corpcomm@petro-canada.ca
Website: www.petro-canada.ca

Copyright 2008, Market Wire, All rights reserved.

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