Information Regarding Pace Oil & Gas Shares

Unitholders of Provident Energy Trust on record date July 9, 2010, disposed of 15.96% of their units and, in return, received 0.12225 shares of Pace Oil & Gas for each unit of Provident Energy Trust tendered. The three day weighted average trading price of Pace Oil & Gas was $8.44 per share. For more information, including an example of the tax consequences of this event, please refer to the Provident Energy website.