Portfolio Update

At 31 October 2007 the total net assets of Premier Utilities Trust PLC amounted
to £73.9million.The sector breakdown and geographical breakdown were as follows :

Sector Breakdown :

Electricity           50.7 %
Gas                   14.1 %
Water                 12.1 %
Telecoms              11.7 %
Infrastructure         6.7 %
Cash & Net Assets      4.7 %

Total                100.0 %

Geographical Allocation :

United Kingdom        24.4 %
USA                   19.6 %
China / Hong Kong     12.4 %
Germany                9.9 %
Italy                  8.7 %
Spain                  3.9 %
India                  3.6 %
France                 3.4 %
Malaysia               2.7 %
Czech Rep              2.6 %
Greece                 2.0 %
New Zealand            1.1 %
Australia              0.9 %
Croatia                0.1 %
Cash & Net Assets      4.7 %

Total                100.0 %