Portfolio Update

At 31 December 2006 the total net assets of Premier Utilities Trust PLC
amounted to £61.0 million.The sector breakdown and geographical breakdown were
as follows :

Sector Breakdown :

Electricity                         61.2 %

Water                               13.6 %

Telecoms                            11.5 %

Infrastructure                       7.9 %

Gas                                  5.5 %

Cash & Net Assets                    0.3 %


Total                              100.0 %


Geographical Allocation :

United Kingdom                      19.9 %

France                              11.7 %

Germany                             10.8 %

Italy                               10.0 %

China / Hong Kong                    9.8 %

USA                                  7.6 %

Canada                               4.9 %

Czech Rep                            4.8 %

New Zealand                          4.0 %

Portugal                             3.8 %

Spain                                3.2 %

Republic of Korea                    2.9 %

Hungary                              2.8 %

Malaysia                             1.9 %

Singapore                            1.6 %

Cash & Net Assets                    0.3 %


Total                              100.0 %