Harvest Energy Trust - 2008-10-21

Plans to redeem up to C$94,000 in 9% convertible unsecured subordinated debentures due 2009, C$158,000 in 8% convertible unsecured subordinated debentures due 2009, C$3.7 million in 6.5% convertible unsecured subordinated debentures due 2010, C$17.3 million in 6.4% convertible unsecured subordinated debentures due 2012, C$37.8 million in aggregate principal amount of 7.25% convertible unsecured subordinated debentures due 2013, C$7.3 million in 7.25% convertible unsecured subordinated debentures due 2014 and C$25 million in 7.5% convertible unsecured subordinated debentures due 2015.