Pengrowth Completes Cross-border Offering of Notes

Pengrowth Corporation, administrator of Pengrowth Energy Trust, completed a US$265 million and a $15 million offering of notes issued on a private placement basis in Canada and the United States on August 21, 2008. The private placement consisted of US$265 million of 6.98 per cent notes and $15 million of 6.61 per cent notes both due in 2018. The notes are unsecured and rank equally with Pengrowth's bank facilities and existing term notes.

Pengrowth was represented by Charles V. Selby, vice president and corporate secretary, and by Bennett Jones LLP with a team that included Denise Bright (banking & securities), Brad Markel (securities) and Greg Johnson (tax).

The noteholders were represented by Chapman and Cutler LLP in Chicago with a team that included Robert Nash and Willie Lewis.


Robert C. Nash Bradley D. Markel Gregory M. Johnson Charles V. Selby Denise D. Bright


Bennett Jones LLP Chapman & Cutler LLP