Portfolio Update

Premier Energy and Water Trust PLC announces that as at 30 September 2010 its
ten largest investments were as follows :

                           % of total assets

Aqua America                      4.71
China Power New Energy            3.77
Entergy                           3.63
Snam Rete Gas                     3.24
GDF Suez                          3.22
Calpine                           3.19
Sound Global                      3.14
Thai Tap Water                    3.01
Huaneng Power                     2.70
Guangdong Inv                     2.66

At 30 September 2010 the total net assets of Premier Energy and Water Trust PLC
amounted to £49.4 million.The sector breakdown and geographical allocation were
as follows :

Sector Breakdown :

Electricity                       51.9 %
Water                             25.7 %
Gas                               10.8 %
Infrastructure                     6.0 %
Cash & Net Assets                  5.6 %
Total                            100.0 %

Geographical Allocation :

USA                               34.5 %
China / Hong Kong                 14.8 %
France                             9.8 %
United Kingdom                     8.6 %
Thailand                           7.5 %
Italy                              5.5 %
Singapore                          3.1 % 
Germany                            2.6 %
India                              2.4 %
Spain                              1.5 %
Finland                            1.5 %
Malaysia                           1.4 %
Canada                             1.2 %
Cash & Net Assets                  5.6 %
Total                            100.0 %