Vermilion Energy Trust Announces $0.19 Cash Distribution for September 15, 2008 Payment Date and Exchangeable Share Ratio Increase



    CALGARY, Aug. 15 /CNW/ - Vermilion Energy Trust (VET.UN - TSX) is pleased
to announce the cash distribution of $0.19 per trust unit payable on
September 15, 2008 to all unitholders of record on August 29, 2008. The
ex-distribution date for this payment is August 27, 2008. Vermilion has paid
cumulative distributions per unit totalling $11.38 since inception as a Trust
in January 2003.

    Exchangeable Share Ratio Information
    ------------------------------------

    Upon conversion to a Trust in January 2003, some holders of shares in the
predecessor company, Vermilion Resources Ltd., opted to hold exchangeable
shares in place of Vermilion Energy Trust units. The following information
applies only to those exchangeable shareholders and does not affect Vermilion
Energy Trust unitholders.
    The increase to the Exchange Ratio of the Exchangeable Shares of
Vermilion Resources Ltd. will be from 1.61117 to 1.61949. Details used in the
calculation of the Exchange ratio can be found on our website at
http://www.vermilionenergy.com/exchangeable_shares.html or by contacting
Vermilion's Investor Relations Department at (403) 269-4884.
    The increase will be effective on August 15, 2008. A "Notice of
Retraction" must be received by Computershare by August 20, 2008 to receive
this exchange ratio. All notices received after this date will receive the
exchange ratio to be determined on September 15, 2008. A holder of Vermilion
Resources Ltd. Exchangeable Shares can exchange all or a portion of their
holdings at any time for Vermilion Trust Units by completing a Retraction
Request form. You can obtain a copy by contacting Computershare Trust Company
of Canada at (403) 267-6894.

    %SEDAR: 00018945E          %CIK: 0001293135




For further information:

For further information: Paul Beique, Director Investor Relations, 2800,
400 - 4th Avenue S.W., Calgary, Alberta, T2P 0J4, Phone: (403) 269-4884, Fax:
(403) 264-6306, IR Toll Free: 1-866-895-8101, www.vermilionenergy.com

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VERMILION ENERGY TRUST

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