ARC Resources Ltd./ARC Energy Trust Announce the December 2008 increase to the ARX Exchangeable Shares Exchange Ratio

    CALGARY, Jan. 2 /CNW/ - (AET.UN and ARX - TSX) ARC Resources Ltd. along
with ARC Energy Trust announces the increase to the exchange ratio of the
exchangeable shares of the corporation from 2.51668 to 2.53682. Such increase
will be effective on January 15, 2009.
    The following are the details on the calculation of the exchange ratio:

                                    10 day
                                   trading              Effective
    Record                 ARC      price                date of
    date of               Energy   of AET.UN               the      Exchange
    ARC Energy            Trust   (prior to   Increase   increase    ratio
    Trust      Opening   distrib-  the end       in        in        as of
    distrib-   exchange   ution     of the    exchange  exchange   effective
    ution       ratio    per unit   month)    ratio(xx)   ratio       date
    December                                             January
    31, 2008   2.51668     $0.15  $18.7416     0.02014   15, 2009   2.53682

    (xx) The increase in the exchange ratio is calculated by dividing the ARC
    Energy Trust distribution per unit by the 10 day weighted average trading
    price of AET.UN and multiplying by the opening exchange ratio.

    A holder of ARC Resources Ltd. exchangeable shares can exchange all or a
portion of their holdings at any time by giving notice to their investment
advisor or Computershare Investor Services at its principal transfer office in
Suite 600, 530 - 8th Avenue SW, Calgary, Alberta, T2P 3S8, their telephone
number is 1-800-564-6253 and their website is

    ARC RE

SOURCES LTD. John P. Dielwart, President and Chief Executive Officer %SEDAR: 00001245E %CIK: 0001029509

For further information:

For further information: about ARC Energy Trust, please visit our
website or contact: Investor Relations, E-mail:, Telephone: (403) 503-8600, Fax: (403) 509-6417, Toll Free
1-888-272-4900, ARC Resources Ltd., 2100, 440 - 2nd Avenue S.W., Calgary, AB,
T2P 5E9

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