Company Taken Over

PrimeWest Energy Trust has announced that it has entered into an agreement with subsidiaries of the Abu Dhabi National Energy Company (TAQA) to be acquired for a cash price of $26.75 per unit. The target date for the completion of this takeover is January 16, 2008. Please note that the details of the final PrimeWest distribution of $0.25 per unit for shareholders of record January 4, 2008 will not be reported until later in 2008, or early in 2009.