Portfolio Update

Premier Utilities Trust PLC announces that as at 31 March 2008 its ten largest
investments were as follows :

                      % of total assets

E.ON                        5.67

Suez                        3.99

BT Group                    3.84

ENEL                        3.79

Centrica                    3.78

RWE                         3.74

Telefonica                  3.32

United Utilities            3.12

Autostrada                  2.69

Embarq                      2.67


At 31 March 2008 the total net assets of Premier Utilities Trust PLC amounted
to £66.3 million.The sector breakdown and geographical breakdown were as
follows :

Sector Breakdown :

Electricity                42.6 %
Telecoms                   16.8 %
Water                      11.4 %
Infrastructure             10.7 %
Gas                         7.5 %
Cash & Net Assets          11.0 %

Total                     100.0 %


Geographical Allocation :

United Kingdom             23.5 %
USA                        12.4 %
Germany                     9.4 %
Italy                       8.5 %
France                      6.1 %
Spain                       5.2 %
China / Hong Kong           4.4 %
Thailand                    4.3 %
Malaysia                    3.5 %
Finland                     2.4 %
Australia                   2.0 %
Korea                       1.7 %
Singapore                   1.7 %
India                       1.5 %
Canada                      1.2 %
New Zealand                 1.2 %
Cash & Net Assets          11.0 %

Total                     100.0 %