Provident Energy Trust Announces a Change in the U.S. Ex-Distribution Date for the January 2003 Cash Distribution

Business Wire, Jan 16, 2003

Business Editors

CALGARY, Alberta--(BUSINESS WIRE)--Jan. 16, 2003

Provident Energy Trust ("Provident") (AMEX:PVX) (TSX:PVE.UN) today announced that due to the statutory holiday (Martin Luther King Day) in the United States which falls on Monday, January 20, 2003, the ex-distribution date for trading on the American Stock Exchange has been changed to January 16, 2003.

The ex-distribution date for trading on the Toronto Stock Exchange remains unchanged at Friday, January 17, 2003. The record date on both exchanges remains unchanged at January 21, 2003.

Please direct any questions regarding the change in the ex-distribution date to Kerri Gallup of The American Stock Exchange, Corporate Actions/Proxy Ruling Department, by telephone at (212) 306-2438.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.