Provident Announces December Cash Distribution

December 8, 2005

Press Release #32-05

CALGARY, ALBERTA - Provident Energy Trust (Provident) (TSX-PVE.UN; AMEX-PVX) today announced its December cash distribution will be CDN$0.12 per unit payable on January 13, 2006. December's distribution is consistent with the monthly distributions paid to unitholders since November 2003.

December's distribution will be paid to unitholders of record on December 20, 2005. The ex-distribution date will be December 16, 2005. For unitholders receiving their distribution in U.S. funds, the December 2005 cash distribution will be approximately US$0.10 per unit based on an exchange rate of 0.8634. The actual U.S. dollar distribution will depend on the Canadian/U.S. dollar exchange rate on the payment date and will be subject to applicable withholding taxes.

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Provident Energy Trust is a Calgary-based, open-ended energy income trust that owns and manages an oil and gas production business and a natural gas liquids midstream services and marketing business. Provident's energy portfolio is located in some of the more stable and predictable producing regions in Western Canada, California and Wyoming. Provident provides monthly cash distributions to its unitholders and currently trades on the Toronto Stock Exchange and the American Stock Exchange under the symbols PVE.UN and PVX, respectively.

Investor and Media Contact: Laurie Stretch Senior Manager, Investor Relations and Communication Phone: (403) 231-6710 Email: info@providentenergy.com          Corporate Head Office: 800, 112 – 4th Avenue S.W. Calgary, Alberta, Canada  T2P 0H3 Phone: (403) 296-2233 Toll Free: 1-800-587-6299 Fax: (403) 294-0111 www.providentenergy.com