Portfolio Update

Premier Energy & Water Trust PLC (formerly Premier Utilities Trust PLC)
announces that as at 30 May 2008 its ten largest investments were as follows :

                           % of total assets

E.ON                             6.19

Veolia                           4.40

Suez                             4.33

Centrica                         4.09

ENEL                             3.85

BT Group                         3.75

RWE                              3.28

United Utilities                 3.23

Embarq                           3.03

Williams Co.                     2.77


At 30 May 2008 the total net assets of Premier Energy & Water Trust PLC amounted to 
£69.5 million.The sector breakdown and geographical breakdown were as follows :

Sector Breakdown :

Electricity                      44.1 %
Water                            16.7 %
Telecoms                         12.2 %
Infrastructure                    9.3 %
Gas                               6.9 %
Cash & Net Assets                10.8 %

Total                           100.0 %


Geographical Allocation :

United Kingdom                   24.5 %
USA                              13.3 %
France                           11.3 %
Germany                           9.5 %
Italy                             6.3 %
China / Hong Kong                 5.9 %
Spain                             4.0 %
Thailand                          3.9 %
Malaysia                          3.2 %
Singapore                         2.3 %
Australia                         1.8 %
Korea                             1.8 %
India                             1.4 %
Cash & Net Assets                10.8 %

Total                           100.0 %