Portfolio Update

At 30 September 2006 the total net assets of Premier Utilities Trust PLC
amounted to £57.0 million.The sector breakdown and geographical breakdown were
as follows :

Sector Breakdown :

Electricity                54.2 %

Telecoms                   12.4 %

Water                      10.9 %

Gas                         3.7 %

Infrastructure              0.7 %

Cash & Net Assets          18.1 %


Total                     100.0 %


Geographical Allocation :

United Kingdom             17.4 %

France                     11.8 %

Germany                    11.7 %

China / Hong Kong           9.9 %

Portugal                    9.1 %

Canada                      5.7 %

USA                         4.3 %

Italy                       4.0 %

Austria                     4.0 %

Hungary                     2.5 %

Singapore                   1.5 %

Cash & Net Assets          18.1 %


Total                     100.0 %