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EXHIBIT 5 CERTIFICATE OF CHIEF FINANCIAL OFFICER PURSUANT TO RULE 13a-14(a) OR 15d-14 OF
THE SECURITIES EXCHANGE ACT OF 1934 I, Robert B. Hodgins, Chief Financial Officer, certify that:  1.
    
    I have reviewed this annual report on Form 40-F of Pengrowth Energy Trust
(the Registrant);2.
    
    Based on my knowledge, this report does not contain any untrue statement
of a material fact or omit to state a material fact necessary to make the
statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this
report;3.
    
    Based on my knowledge, the financial statements, and other financial
information included in this report, fairly present in all material
respects the financial condition, results of operations and cash flows of
the Registrant as of, and for, the periods presented in this report;4.
    
    The Registrants other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as
defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal
control over financial reporting (as defined in Exchange Act Rules
13a-15(f) and 15d-15(f)) for the Registrant and have:  (a)
    
    designed such disclosure controls and procedures, or caused
such disclosure controls and procedures to be designed under our
supervision, to ensure that material information relating to the
Registrant, including its consolidated subsidiaries, is made known
to us by others within those entities, particularly during the
period in which this annual report is being prepared;(b)
    
    designed such internal control over financial reporting, or
caused such internal control over financial reporting to be designed
under our supervision, to provide reasonable assurance regarding the
reliability of financial reporting and the preparation of financial
statements for external purposes in accordance with the generally
accepted accounting principles of Canada;(c)
    
    evaluated the effectiveness of the Registrants disclosure
controls and procedures as of a date within 90 days prior to the
filing date of this annual report (the Evaluation Date);(d)
    
    presented in this annual report our conclusions about the
effectiveness of the disclosure controls and procedures as of the
Evaluation Date; and(e)
    
    disclosed in this report any change in the Registrants
internal control over financial reporting that occurred during the
period covered by the annual report that has materially affected, or
is reasonably likely to materially affect, the Registrants internal
control over financial reporting.




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5.
    
    The Registrants other certifying officers and I have disclosed, based on
our most recent evaluation, to the Registrants auditors and the audit
committee of Registrants board of directors (and persons performing the
equivalent function):  (a)
    
    all significant deficiencies and material weaknesses in the
design or operation of internal control over financial reporting
which are reasonably likely to adversely affect the Registrants
ability to record, process, summarize and report financial
information and have identified for the Registrants auditors any
material weaknesses in internal controls; and(b)
    
    any fraud, whether or not material, that involves management
or other employees who have a significant role in the registrants
internal controls.  6.
    
    The Registrants other certifying officers and I have indicated in this
annual report whether there were significant changes in internal controls
or in other factors that could significantly affect internal controls
subsequent to the date of our most recent evaluation, including any
corrective actions with regard to significant deficiencies and material
weaknesses. Date: May 17, 2004
    
    By:
    
    /s/ Robert B. HodginsRobert B. HodginsChief Financial Officer