Pengrowth Energy Trust announces appointment of Christopher Webster as Chief Financial Officer Stock Symbol: PGF.A/PGF.B, TSX; PGH, NYSE CALGARY, March 21 /PRNewswire-FirstCall/ -- Pengrowth Corporation ("Pengrowth"), administrator of Pengrowth Energy Trust ("Trust"), is pleased to announce today the appointment of Chris Webster as Chief Financial Officer. Mr. Webster previously was Vice President, Treasurer and interim Chief Financial Officer of Pengrowth Corporation. He received a Bachelor of Commerce from Concordia University and holds both CFA and CGA designations. The appointment of Chris Webster followed an extensive search process conducted by the Chief Executive Officer through a national independent executive search firm in consultation with the Corporate Governance and Compensation Committee of the Board of Directors. Mr. Webster was selected based upon his experience and qualifications, his knowledge of the Trust and his superior performance as an executive officer and active member of the Pengrowth team over the past five years. Mr. Webster joined Pengrowth in 2000 and was appointed as Treasurer in 2001. He has participated actively in debt and equity financing activities of the Trust and the acquisitions and divestitures of Pengrowth Corporation. Prior to joining Pengrowth, Mr. Webster held senior accounting positions within the petroleum industry including managing treasury and accounting functions and acting as interim Vice-President of Marketing for Union Pacific Resources Inc. Mr. Webster also held progressive and diversified accounting positions with Home Oil Company Ltd. from 1988 to 1995 including broad exposure to operations accounting, budgeting and development of cost controls. James S. Kinnear the Chief Executive Officer of Pengrowth stated: "the appointment of Chris Webster reflects Pengrowth's commitment to excellence, the quality and diversity of Pengrowth's team and the development of individuals with superior skills dedicated to enhancing value for all unitholders." PENGROWTH CORPORATION James S. Kinnear, President DATASOURCE: Pengrowth Energy Trust; Pengrowth Corporation CONTACT: For further information 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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