Seymour Schulich further increases his investment in Pengrowth Energy Corporation and now holds 95,000,000 shares, being 17.4%

TORONTO, May 19, 2016 /CNW/ - Seymour Schulich, through his holding company, Nevada Capital Corporation Ltd. 20 Eglinton Avenue West, Suite 1900, Toronto, Ontario, M4R 1K8, announced today that he has acquired, through open market purchases, an additional 5,000,000 common shares of Pengrowth Energy Corporation (TSX:PGF) and now owns 95,000,000 shares.  The Schulich Foundation, an affiliate , owns an additional 20,000,000 shares and Nevada Capital holds 75,000,000.  In total, 95,000,000 shares are owned or controlled by Seymour Schulich.

Mr. Schulich's current shareholdings represent 17.4% of the current issued and outstanding common shares of Pengrowth.  Mr. Schulich further advises that the shares have been acquired for investment purposes at this time.

SOURCE Seymour Schulich

For further information: Seymour Schulich, 416-480-6483

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