Nicholas C. H. Villiers

Pengrowth Energy Trust's principal activity is to provide directly and indirectly explore for, develop and hold interests in petroleum and natural gas properties, through investments. The company directly and indirectly acquires, owns and manages working interests and royalty interests in oil and natural gas properties. Its activities are financed by issuance of royalty units and interest bearing notes to the Trust and third party debt.

Pengrowth Energy Trust's principal activity is to provide directly and indirectly explore for, develop and hold interests in petroleum and natural gas properties, through investments. The company directly and indirectly acquires, owns and manages working interests and royalty interests in oil and natural gas properties. Its activities are financed by issuance of royalty units and interest bearing notes to the Trust and third party debt.

Pengrowth Energy Trust's principal activity is to provide directly and indirectly explore for, develop and hold interests in petroleum and natural gas properties, through investments. The company directly and indirectly acquires, owns and manages working interests and royalty interests in oil and natural gas properties. Its activities are financed by issuance of royalty units and interest bearing notes to the Trust and third party debt.

Pengrowth Energy Trust's principal activity is to provide directly and indirectly explore for, develop and hold interests in petroleum and natural gas properties, through investments. The company directly and indirectly acquires, owns and manages working interests and royalty interests in oil and natural gas properties. Its activities are financed by issuance of royalty units and interest bearing notes to the Trust and third party debt.

Pengrowth Energy Trust's principal activity is to provide directly and indirectly explore for, develop and hold interests in petroleum and natural gas properties, through investments. The company directly and indirectly acquires, owns and manages working interests and royalty interests in oil and natural gas properties. Its activities are financed by issuance of royalty units and interest bearing notes to the Trust and third party debt.

Pengrowth Energy Trust's principal activity is to provide directly and indirectly explore for, develop and hold interests in petroleum and natural gas properties, through investments. The company directly and indirectly acquires, owns and manages working interests and royalty interests in oil and natural gas properties. Its activities are financed by issuance of royalty units and interest bearing notes to the Trust and third party debt.

Pengrowth Energy Trust's principal activity is to provide directly and indirectly explore for, develop and hold interests in petroleum and natural gas properties, through investments. The company directly and indirectly acquires, owns and manages working interests and royalty interests in oil and natural gas properties. Its activities are financed by issuance of royalty units and interest bearing notes to the Trust and third party debt.

Pengrowth Energy Trust's principal activity is to provide directly and indirectly explore for, develop and hold interests in petroleum and natural gas properties, through investments. The company directly and indirectly acquires, owns and manages working interests and royalty interests in oil and natural gas properties. Its activities are financed by issuance of royalty units and interest bearing notes to the Trust and third party debt.

Pengrowth Energy Trust's principal activity is to provide directly and indirectly explore for, develop and hold interests in petroleum and natural gas properties, through investments. The company directly and indirectly acquires, owns and manages working interests and royalty interests in oil and natural gas properties. Its activities are financed by issuance of royalty units and interest bearing notes to the Trust and third party debt.

Pengrowth Energy Trust's principal activity is to provide directly and indirectly explore for, develop and hold interests in petroleum and natural gas properties, through investments. The company directly and indirectly acquires, owns and manages working interests and royalty interests in oil and natural gas properties. Its activities are financed by issuance of royalty units and interest bearing notes to the Trust and third party debt.

Pengrowth Energy Trust's principal activity is to provide directly and indirectly explore for, develop and hold interests in petroleum and natural gas properties, through investments. The company directly and indirectly acquires, owns and manages working interests and royalty interests in oil and natural gas properties. Its activities are financed by issuance of royalty units and interest bearing notes to the Trust and third party debt.

Pengrowth Energy Trust's principal activity is to provide directly and indirectly explore for, develop and hold interests in petroleum and natural gas properties, through investments. The company directly and indirectly acquires, owns and manages working interests and royalty interests in oil and natural gas properties. Its activities are financed by issuance of royalty units and interest bearing notes to the Trust and third party debt.

Pengrowth Energy Trust's principal activity is to provide directly and indirectly explore for, develop and hold interests in petroleum and natural gas properties, through investments. The company directly and indirectly acquires, owns and manages working interests and royalty interests in oil and natural gas properties. Its activities are financed by issuance of royalty units and interest bearing notes to the Trust and third party debt.

Pengrowth Energy Trust's principal activity is to provide directly and indirectly explore for, develop and hold interests in petroleum and natural gas properties, through investments. The company directly and indirectly acquires, owns and manages working interests and royalty interests in oil and natural gas properties. Its activities are financed by issuance of royalty units and interest bearing notes to the Trust and third party debt.

Pengrowth Energy Trust's principal activity is to provide directly and indirectly explore for, develop and hold interests in petroleum and natural gas properties, through investments. The company directly and indirectly acquires, owns and manages working interests and royalty interests in oil and natural gas properties. Its activities are financed by issuance of royalty units and interest bearing notes to the Trust and third party debt.

Pengrowth Energy Trust's principal activity is to provide directly and indirectly explore for, develop and hold interests in petroleum and natural gas properties, through investments. The company directly and indirectly acquires, owns and manages working interests and royalty interests in oil and natural gas properties. Its activities are financed by issuance of royalty units and interest bearing notes to the Trust and third party debt.

Pengrowth Energy Trust's principal activity is to provide directly and indirectly explore for, develop and hold interests in petroleum and natural gas properties, through investments. The company directly and indirectly acquires, owns and manages working interests and royalty interests in oil and natural gas properties. Its activities are financed by issuance of royalty units and interest bearing notes to the Trust and third party debt.

Pengrowth Energy Trust's principal activity is to provide directly and indirectly explore for, develop and hold interests in petroleum and natural gas properties, through investments. The company directly and indirectly acquires, owns and manages working interests and royalty interests in oil and natural gas properties. Its activities are financed by issuance of royalty units and interest bearing notes to the Trust and third party debt.

Pengrowth Energy Trust's principal activity is to provide directly and indirectly explore for, develop and hold interests in petroleum and natural gas properties, through investments. The company directly and indirectly acquires, owns and manages working interests and royalty interests in oil and natural gas properties. Its activities are financed by issuance of royalty units and interest bearing notes to the Trust and third party debt.