Provident Energy Announces January 2005 Cash Distribution

Business Wire, Jan 11, 2005

CALGARY, Alberta -- Provident Energy Trust (TSX:PVE.UN) (AMEX:PVX) (Provident) today announced its January cash distribution will be CDN$0.12 per unit payable on February 15, 2005. January's distribution is consistent with the distribution paid to unitholders since November 2003.

January's distributions will be paid to unitholders of record on January 20, 2005. The ex-distribution date will be January 18, 2005. For unitholders receiving their distribution in U.S. funds, the January 2005 cash distribution will be approximately US$0.10 based on an exchange rate of .8226. The actual U.S. dollar distribution will depend on the Canadian/U.S. dollar exchange rate on the payment date and will be subject to applicable withholding taxes.

Provident Energy Trust is a Calgary-based, open-ended energy trust that owns and manages oil and gas production businesses and a midstream services business. Provident's energy portfolio is located in some of the more stable and predictable producing regions in western Canada and southern California. Provident provides monthly cash distributions to its unitholders and trades on the Toronto Stock Exchange and the American Stock Exchange under the symbols PVE.UN and PVX, respectively.

Provident Energy Trust (TSX:PVE.UN) (AMEX:PVX)