Pengrowth Energy Trust Announces Mailing of Supplement in Respect of April 22, 2004 Meeting Stock Symbol: PGF.UN, TSX / PGH, NYSE CALGARY, March 30 /PRNewswire-FirstCall/ -- Pengrowth Corporation (the "Corporation"), administrator of Pengrowth Energy Trust ("Pengrowth"), announced today that it has mailed a supplement dated March 29, 2004 to the March 15, 2004 Information Circular of Pengrowth and the Corporation for the purpose of providing unitholders with additional information on the March 23,2004 Canadian federal budget pertaining to the proposed reclassification of Trust Unit capital and the possible actions of the Board of Directors and possible tax consequences of implementing the reclassification. The reclassification of Trust Units as Class A and Class B Trust Units will ensure that Pengrowth Trust is maintained primarily for the benefit of residents of Canada and that Pengrowth's mutual fund trust status is preserved. Given the time that may be required for a response from the Canada Revenue Agency and the likely increase in non-resident ownership during that time, the Board of Directors has determined that it may be prudent to implement the reclassification without an advance tax ruling or other written assurance from the Canada Revenue Agency. The risks associated with the reclassification and continued increase in non-resident ownership are summarized in the supplement available on the SEDAR website at http://www.sedar.com/. PENGROWTH CORPORATION James S. Kinnear, President DATASOURCE: Pengrowth Energy Trust CONTACT: For further information about Pengrowth, please visit our website http://www.pengrowth.com/ or contact: Investor Relations, Calgary, E-mail: , Telephone: 403-233-0224, Toll Free: 1-800-223-4122, Facsimile: 403-294-0051; Sally Elliott, Investor Relations, Toronto, E-mail: , Telephone: 416-362-1748, Toll Free: 1-888-744-1111, Facsimile: 416-362-8191

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