Portfolio Update

Premier Energy and Water Trust PLC announces that as at 30 June 2009 its ten
largest investments were as follows :

                              % of total assets

Scottish & Southern Energy          5.71
FPL Group                           4.63
E.ON                                4.61
Snam Rete Gas                       4.18
GDF Suez                            4.04
Pennon                              3.89
EDF                                 3.62
Veolia                              3.36
Public Power                        3.34
Aqua America                        3.30


At 30 June 2009 the total net assets of Premier Energy and Water Trust PLC amounted 
to £55.9 million.The sector breakdown and geographical allocation were as follows :

Sector Breakdown :

Electricity                        62.6 %
Water                              18.7 %
Gas                                 9.8 %
Infrastructure                      5.5 %
Cash & Net Assets                   3.4 %

Total                             100.0 %


Geographical Allocation :

United Kingdom                     23.8 %
USA                                21.9 %
France                             12.0 %
China / Hong Kong                   7.9 %
Italy                               7.4 %
Germany                             4.6 %
Spain                               3.5 %
Greece                              3.3 %
Thailand                            3.3 %
India                               1.8 %
Singapore                           1.8 %
Portugal                            1.7 %
Japan                               1.6 %
Brazil                              1.0 %
Malaysia                            1.0 %
Cash & Net Assets                   3.4 %

Total                             100.0 %