Pengrowth Energy Corporation announced that, in connection with its proposed business combination with Cona Resources Ltd. (the purchaser), by way of a plan of arrangement (the arrangement) under the Business Corporations Act (Alberta), Pengrowth and the purchaser have entered into support agreements with holders of an aggregate of 93% of the outstanding amounts owing under the company’s secured notes and credit facility (the Secured Indebtedness). Under the support agreements, 92% of the Secured Debtholders holding 93% of the Secured Indebtedness have agreed to support and vote in favour of the arrangement at the special meeting of Secured Debtholders to be held on December 18, 2019, concurrently with the special meeting of the company’s shareholders. The Secured Debtholders have also agreed to extend the maturity dates under the company’s credit facility and its secured notes maturing November 18, 2019 until the completion of the arrangement or the termination of the support agreements.