Pengrowth Energy Trust

Mr. Webster joined Pengrowth in 2000, was appointed Treasurer in 2001 and in March 2005 he was appointed to the position of Chief Financial Officer. Prior to joining Pengrowth, Mr. Webster held a variety of progressively senior accounting and finance positions within the petroleum industry. Mr. Webster graduated with a Bachelor of Commerce Degree from Concordia University, and holds both the Certified General Accountant and the Chartered Financial Analyst designations. He currently is on the Board of Directors and Chair of the Audit Committee of Monterey Exploration Ltd., and is the Chairman of ATB Investment Management Inc.’s Independent Review Committee.

Mr. Anderson joined Pengrowth in 1990 as Chief Accountant and since then has held various finance positions with Pengrowth Corporation including Controller, Treasurer and Chief Financial Officer. His experience prior to Pengrowth included nine years of public accounting and six years of finance positions with several junior oil & gas companies. He presently holds the position of Vice President specializing in corporate administration and human resources and is also a Vice President of the management company, Pengrowth Management Limited. Mr. Anderson graduated from the University of Calgary with a Bachelor of Commerce degree and also holds the Certified General Accountant designation.

Mr. Donihee has over 30 years of leadership experience and is a proven executive leader. Prior to joining Pengrowth, he served as the Chief Operating Officer for Canada’s National Energy Board and prior to that as Vice President of Organizational Development for EnCana Corporation where he gained direct experience in the oil and gas industry. Mr. Donihee acquired extensive operational leadership and international experience in Canada’s Air Force where he served as an operational fighter pilot and commanded organizations ranging in size up to 3000 personnel in dynamic, high-risk environments. For his proven leadership in the Canadian Military, Mr. Donihee was invested in the Order of Military Merit by her Excellency the Governor General of Canada. Mr. Donihee has an extensive background in operations, administrative and logistics planning, organizational development and project management in high performance organizations. He holds a Bachelor of Business Administration and Computer Science from the College Militaire Royal and is also a graduate of the Australian Army’s Strategic Studies program from Queenscliff Australia, the Strategic Planning Program from the Queens Executive Development Centre and is a graduate of the Institute of Corporate Directors.

Robert Waters is our founder and has been our Chief Executive Officer, Chief Financial Officer, President and Director since the company's inception. Robert Waters has spent his working career in the public stock market industry. In 1978, Mr. Waters graduated from the University of British Columbia in Vancouver with a degree in Political Science. In 1982, Mr. Waters graduated from York University in Toronto, Canada with a Masters in Business Administration. He also achieved a two-year course in Finance and Investment at Vancouver City College. From July 1982 to December 1982, Mr. Waters was a personal financial planner for Executive Financial Services, a financial planning firm. From January 1983 to September 1983, he was a manager at Nyco Group of Companies. From January 1984 to March 1984, he was a consultant with George S. May International, a management consulting firm. From April 1984 to September 1984, Mr. Waters was a Vice President at Globe Business Consultants, a management consulting firm. From November 1984 to March 1988, Mr. Waters was a stock broker for Levesque Securities National Bank Financial, a brokerage firm. From March 1985 to October 1988, he was an instructor at The Canadian Securities Institute, a firm which provided licensing for stock brokers. From May 1985 to February 1987, Mr. Waters was an instructor on taxation and personal financial planning at Langara College. From March 1988 to November 1988, he was a stockbroker for Davidson Partners, a brokerage firm. From December 1988 to November 1989, he was a stockbroker for Pacific International Securities, a brokerage firm. From December 1989, to September 1998, Mr. Waters was a stock broker for Georgia Pacific Securities, a brokerage firm. From September 1998 to July 1999, he provided consulting services to Business Development, a business consulting firm. From September 1999 to September 2000, he provided Las Vegas from home.com services related to public and broker relations and financial analysis. From September 2000 to September 2003, Mr. Waters was the President of ASDAR Group, an oil and gas exploration firm. On March 4, 2002 Robert resigned as president and remained a director of ASDAR which changed its name to Precise Life Sciences Ltd. and attempted to purchase a 31.6% interest in a biotechnology company, ACGT Corporation. The transaction was not consummated and Mr. Waters was reappointed president of ASDAR in July 23, 2002. On February 18, 2003 the company changed its name to Iceberg Brands Corporation in a failed attempt to acquire Iceberg Drive-Inn, a quick service restaurant chain. On September 8, 2003 the company changed its name to Avalon Gold Corporation and pursued the development of Nevada mining claims. On November 30, 2004 Robert Waters resigned as President, Director and Chief Executive Officer.

Mr. Bowles brings over 20 years of accounting experience, including 11 years with ExxonMobil Canada where he recently held the position of Financial Reporting Manager. Prior to ExxonMobil, Mr. Bowles spent seven years with KPMG Peat Marwick Thorne as a senior manager. Mr. Bowles is a graduate of McMaster University and has a Bachelor of Commerce, Honours, Accounting and Finance Major. He received his Chartered Accountant designation in 1989.

Mr. Causgrove has over 25 years of experience with Chevron, where he most recently held the position of Manager, New Growth Opportunities Group and Senior Vice President and Chief Operating Officer of Central Alberta Midstream. Mr. Causgrove has a broad operational background in drilling, production engineering and midstream areas across the Western Canadian Sedimentary Basin as well as significant experience in the property divestiture market and the analysis of potential corporate and acquisitions and divestitures, including the recent sale of Central Alberta Midstream. Mr. Causgrove holds a Bachelor of Science in Chemical Engineering from the University of Alberta and is a registered professional engineer.

Mr. Strong is a highly qualified geologist with both solid management and business experience. Mr. Strong brings over 20 years experience in Earth Sciences beginning his career as a Petroleum Geologist/Geophysicist with Chevron Canada Resources. Prior to joining Pengrowth Mr. Strong served in senior geosciences roles at NCE Resources Group and Waterous & Co. and most recently served as an Officer and Vice President of Geosciences at Petrofund Corporation. Mr. Strong holds a Bachelor of Science (Specialist) in Geology and a Minor in Computer Science from Brandon University.

Robert M. Nicolay, vice president of New Development for Pengrowth Energy Trust, is a highly respected energy industry executive with a proven track record of success, leadership and community involvement over the past 27 years. Mr. Nicolay has been a Wescorp Energy director since May 2006.

Mr. Christensen has over 25 years in the energy sector including broad international experience, both in operations and the completion of transactions. Prior to a recent relocation to Houston, Mr. Christensen served as Vice President, Planning with Northrock Resources. Before joining Northrock, Mr. Christensen served in several capacities during a long and varied career with Unocal Corporation. Mr. Christensen holds a Masters in Business Administration from UCLA, a Bachelor of Science in Mechanical Engineering from Oregon State University and is a professional engineer registered in the state of California.

Jim MacDonald joined Pengrowth in September 2002 to manage Pengrowth's interest in the Sable Offshore Energy Project with over 26 years experience working in all aspects of oil and gas exploration and development. Jim joined Nova Scotia Resources Limited (NSRL) as Engineering Manager in 1990 and became the General Manager in 1995 and was responsible for engineering, production, marketing and financial activities including the sale of NSRL. Jim holds a B.SC and B. Eng from Dalhousie University.

John Zaozirny joined the Corporation's board of directors in 1988. Mr. Zaozirny is Counsel to McCarthy Tetrault and Vice Chairman of Canaccord Capital Corporation. He was Minister of Energy and Natural Resources for the Province of Alberta from 1982 to 1986. Mr. Zaozirny currently serves on the boards of numerous Canadian and international corporations. He is also a Governor of the Business Council of British Columbia. Mr. Zaozirny acts as Pengrowth's Lead Director.

Michael Stewart, appointed to the Corporation's board of directors in October 2006, is a corporate director serving on the boards of directors of TransCanada Corporation, Canadian Energy Services Inc., the general partner of Canadian Energy Services LP, Orleans Energy Ltd. and Northpoint Energy Ltd. Mr. Stewart is a native Albertan and graduated from Queen's University in Kingston, Ontario in 1973 with a Bachelor of Science degree in Geological Sciences. He is a member of the Institute of Corporate Directors and the Association of Professional Engineers, Geologists and Geophysicists of Alberta.

Terry Poole joined the Corporation’s board of directors in April 2005. Mr. Poole received a Bachelor of Commerce degree from Dalhousie University and holds a Chartered Accountant designation. Mr. Poole brings extensive senior financial management, accounting, capital and debt market experience to Pengrowth. Mr. Poole retired from Nova Chemicals Corporation in 2006 where he had held various senior management positions including Executive Vice-President, Corporate Strategy and Development. Mr. Poole currently serves on the board of directors for Methanex Corporation.

Michael Stewart, appointed to the Corporation’s board of directors in October 2006, is a corporate director serving on the boards of directors of TransCanada Corporation, Canadian Energy Services Inc., the general partner of Canadian Energy Services LP, Orleans Energy Ltd. and Northpoint Energy Ltd. Mr. Stewart is a native Albertan and graduated from Queen’s University in Kingston, Ontario in 1973 with a Bachelor of Science degree in Geological Sciences. He is a member of the Institute of Corporate Directors and the Association of Professional Engineers, Geologists and Geophysicists of Alberta.

Michael Parrett, appointed to the Corporation's board of directors in April 2004, is currently an independent consultant providing advisory service to various companies in Canada and the United States. Mr. Parrett is Chairman of Gabriel Resources Limited, a member of the board of Fording Inc. and is serving as a Trustee for Fording Canadian Coal Trust. He was formerly President of Rio Algom Limited and prior to that Chief Financial Officer of Rio Algom and Falconbridge Limited. He has participated as an instructor, panel member and guest speaker at various mining conferences, as well as the Law Society of Upper Canada, the Insurance Institute of Ontario and the Canadian School of Management.

Nicholas Villiers joined the Corporation’s board of directors in November 2007. Mr. Villiers retired from the Royal Bank of Canada in May 2002 where he was Vice Chairman of Royal Bank of Canada Europe Ltd. and Managing Director of RBC Capital Markets (previously RBC Dominion Securities) with responsibility for international mergers and acquisitions and for senior client relationships within the International Investment Banking group. During his 19-year career with the RBC Group, Mr. Villiers developed an extensive knowledge of a range of industry sectors and established relationships with senior management, major shareholders and international investors worldwide.

Terry Poole joined the Corporation's board of directors in April 2005. Mr. Poole received a Bachelor of Commerce degree from Dalhousie University and holds a Chartered Accountant designation. Mr. Poole brings extensive senior financial management, accounting, capital and debt market experience to Pengrowth. Mr. Poole retired from Nova Chemicals Corporation in 2006 where he had held various senior management positions including Executive Vice-President, Corporate Strategy and Development. Mr. Poole currently serves on the board of directors for Methanex Corporation.