Pengrowth Energy Trust Announces Cash Distribution for May 17, 2010 and Announces Annual and Special Meeting

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Thu Apr 22, 2010 4:32pm EDT 

  CALGARY, ALBERTA, Apr 22 (MARKET WIRE) -- 
Pengrowth Corporation, administrator of Pengrowth Energy Trust (TSX:
PGF.UN) (NYSE: PGH), today announced its May 17, 2010 cash distribution
will be Cdn $0.07 per trust unit. The distribution is net of amounts
withheld to finance capital expenditures and preserve financial
flexibility. The ex-distribution date is April 29, 2010. The distribution
will be payable to all Pengrowth unitholders who hold trust units on the
record date of May 3, 2010.

    The distribution of Cdn $0.07 per trust unit is equivalent to
approximately U.S. $0.0700 per trust unit using a U.S./Canadian dollar
exchange ratio of 1.0007. 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. Cash
distributions paid over the past 12 months now total Cdn $1.02 per trust
unit or approximately U.S. $0.94 per trust unit.

    Pengrowth is also pleased to announce that the Annual and Special Meeting
will be held on Tuesday, May 11, 2010 at 3:00 p.m. Mountain Daylight Time
in the Wildrose South Ballroom at the Sheraton Suites Eau Claire, 255
Barclay Parade S.W., Calgary, Alberta, Canada.

    About Pengrowth:

    Pengrowth Energy Trust is an oil and gas operating company, structured as
a trust, with a focus on creating value through the drill bit by drilling
operated, low cost, low risk, repeatable opportunities in the Western
Canadian Sedimentary Basin ("WCSB"). Pengrowth's operations
include production from a number of conventional and unconventional
assets and are evenly balanced between oil and liquids and natural gas.
Future growth opportunities include the development of conventional oil
and natural gas production, heavy oil, shale gas and coalbed methane as
well as the addition of production through acquisitions. Pengrowth's
trust units trade on the Toronto Stock Exchange under the symbol PGF.UN
and on the New York Stock Exchange under the symbol PGH.

    PENGROWTH CORPORATION

    Derek Evans, President and Chief Executive Officer

Contacts:
Pengrowth
Investor Relations
(403) 233-0224
Toll Free: 1-888-744-1111
(403) 693-8889 (FAX)
investorrelations@pengrowth.com
www.pengrowth.com

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