ARC Energy Trust Appoints New Director

ARC Energy Trust announced the appointment of Ms. Kathleen M. O'Neill to the Board of Directors. Ms. O'Neill is a corporate director and has extensive experience in accounting and financial services.

Prior to 2005, she was an Executive Vice-President of BMO Financial Group with accountability for a number of major business units. Prior to joining BMO Financial Group in 1994, she was a partner with PricewaterhouseCoopers. Ms. O'Neill is an FCA (Fellow of Institute of Chartered Accountants) and has her ICD.D designation from the Institute of Corporate Directors. Ms. O'Neill currently serves on the board of directors of Finning International Inc., which is the world's largest Caterpillar dealer; and the TMX Group Inc.which operates cash and derivative markets (including the TSX, TSX Venture Exchange, NGX, and the Montreal Exchange), clearing facilities and data services. Ms. O'Neill is Chair of St Joseph's Health Centre Foundation of Toronto and previous Chair of St Joseph's Health Centre.

ARC also welcomes Mr. Harold N. Kvisle, to the Board of Directors. Mr. Kvisle is currently the President and CEO of TransCanada Corporation. Prior to joining TransCanada, Mr. Kvisle was the President of Fletcher Challenge Energy Canada Inc. (oil and gas) from 1990 to 1999. He has worked in the oil and gas industry since 1975 and in the utilities and power industries since 1999. He held engineering, finance and management positions with Dome Petroleum Limited, is former Chair of the Interstate Natural Gas Association of America (INGAA) and is former Chair of the Mount Royal College Board of Governors.


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