Portfolio Update

At 31 August 2006 the total net assets of Premier Utilities Trust PLC amounted
to £56.1 million.The sector breakdown and geographical breakdown were as
follows :

Sector Breakdown :

Electricity                    51.86 %

Telecoms                       14.57 %

Water                           9.30 %

Infrastructure                  4.93 %

Gas                             3.57 %

Cash & Net Assets              15.77 %

Total                         100.00 %



Geographical Allocation :

United Kingdom                 22.12 %

Germany                        14.37 %

China / Hong Kong              12.34 %

France                         10.12 %

Canada                          6.13 %

Austria                         4.62 %

Finland                         4.39 %

Portugal                        4.36 %

Italy                           3.93 %

Singapore                       1.85 %

Cash & Net Assets              15.77 %

Total                         100.00 %