Mr. Derek Evans reports

PENGROWTH ENERGY CORPORATION ANNOUNCES EXECUTIVE CHANGES

Pengrowth Energy Corp. has realigned its executive team with the departure of Marlon MacDougall, chief operating officer, to pursue other opportunities and the retirement of James Causgrove, senior vice-president of operations, effective July 1, 2015.

"Marlon and Jim have been significant contributors to Pengrowth's success, including meaningful strides in improving capital efficiencies and bringing the first commercial phase of our Lindbergh project on stream on time earlier this year. Marlon joined Pengrowth in 2011 and Jim joined the company back in 2005. We thank them for all of their efforts on our behalf and wish them the best for the future," said Derek Evans, president and chief executive officer.

Coincident with these departures, two of the company's seasoned and proven operations leaders will take on expanded roles, assuming the responsibilities formerly held by Mr. Causgrove and Mr. MacDougall.

Randy Steele, general manager of the conventional business unit, expands his role with the responsibility for all non-thermal operations.

Steve De Maio, vice-president of in situ development and operations, has responsibility for continued growth of all thermal operations.

Together, Mr. De Maio and Mr. Steele will lead Pengrowth's operations functions.

The company looks forward to updating its shareholders on the continuing success of the company with its first quarter report on May 7, 2015.