Pengrowth Closes Previously Announced Redemption

Pengrowth has closed the previously announced Convertible Unsecured Subordinated Debentures redemption. The entire cash redemption amount of $76,809,083, including accrued interest to the redemption date, was funded with incremental borrowings from the revolving credit facility.

In conjunction with the closing the Debentures (PGF.DB) will be delisted from the TSX resulting in Pengrowth having no convertible debentures outstanding.