Mr. Derek Evans reports

PENGROWTH REGAINS COMPLIANCE WITH THE NYSE CONTINUED LISTING REQUIREMENTS

Pengrowth Energy Corp. has received formal notification from the New York Stock Exchange that it has regained compliance with the exchange's continued listing standards. On May 16, 2017, the corporation received a non-compliance notice from the NYSE as a result of the 30-day average closing price of its shares falling below $1.00 (U.S.). On Nov. 1, 2017, Pengrowth received notification from the NYSE that it had regained compliance with the continued listing standards of the NYSE as of Oct. 31, 2017. Pengrowth's average closing price of its common shares for the 30 trading days ended Oct. 31, 2017, and the closing price of its common shares on Oct. 31 both exceeded $1.00 (U.S.).

About Pengrowth Energy Corp.

Pengrowth Energy is a Canadian intermediate energy company focused on the sustainable development and production of oil and natural gas in Western Canada from its Lindbergh thermal oil property and its Groundbirch Montney gas property. The company is headquartered in Calgary, Alta., Canada, and has been operating in the Western Canadian sedimentary basin for over 28 years.