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Harvest Energy Trust Announces Increase to Exchangeable Share Ratio

Mar 2, 2005 - 17:34 ET

CALGARY, ALBERTA--(CCNMatthews - Feb. 3, 2005) - Harvest Energy Trust
(TSX:HTE.UN) ("Harvest") today announces an increase to the Exchange 
Ratio of the Exchangeable Shares of Harvest Energy Trust from 1.07345 to 
1.08192. This increase will be effective on February 15th, 2005.

As part of the Plan of Arrangement with Storm Energy which closed on 
June 30, 2004, Harvest issued Exchangeable Shares which are exchangeable 
into trust units at a ratio that adjusts each month. The Exchangeable 
Shares are not publicly traded. However, holders of Harvest Exchangeable 
Shares can exchange all or a portion of their holdings at any time by 
giving notice to their investment advisor or Valiant Trust Company at 
its principal transfer office at 310, 606 - 4th Street SW, Calgary, AB, 
T2P 1T1 (telephone: 403-233-2801).

Harvest Energy Trust is a Calgary-based energy trust actively managed to 
deliver stable monthly cash distributions to its Unitholders through its 
strategy of acquiring, enhancing and producing crude oil, natural gas 
and natural gas liquids. Harvest trust units are traded on the Toronto 
Stock Exchange (TSX) under the symbol "HTE.UN". Please visit Harvest's 
website at for additional corporate information and 
recent corporate presentations. 



 Harvest Energy Trust
Jacob Roorda
(403) 265-1178 or Toll Free: (866) 666-1178


Harvest Energy Trust
David Rain
Vice President & CFO
(403) 265-1178 or Toll Free: (866) 666-1178


Harvest Energy Trust
Cindy Gray
Investor Relations & Communications Advis

(403) 265-1178 or Toll Free: (866) 666-1178
(403) 265-3490 (FAX)


Harvest Energy Trust
1900, 330 - 5th Avenue S.W.
Calgary, AB Canada T2P 0L4