Portfolio Update

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

                              % of total assets

E.ON                                6.02

Scottish & Southern Energy          5.58

FPL Group                           4.89

ENEL                                4.78

GDF Suez                            4.39

EDF                                 3.89

Pennon                              3.60

Veolia                              3.54

First Energy                        2.98

United Utilities                    2.80


At 30 April 2009 the total net assets of Premier Energy and Water Trust PLC amounted 
to £55.6 million.The sector breakdown and geographical allocation were as follows :

Sector Breakdown :

Electricity                         54.6 %
Water                               17.8 %
Gas                                  8.6 %
Infrastructure                       6.5 %
Telecoms                             4.5 %
Cash & Net Assets                    8.0 %

Total                              100.0 %


Geographical Allocation :

United Kingdom                      21.7 %
USA                                 15.8 %
France                              12.2 %
China / Hong Kong                    8.7 %
Germany                              8.3 %
Italy                                7.4 %
Spain                                5.2 %
Thailand                             3.3 %
Singapore                            2.1 %
India                                1.8 %
Portugal                             1.8 %
Japan                                1.7 %
Brazil                               1.0 %
Malaysia                             1.0 %
Cash & Net Assets                    8.0 %

Total                              100.0 %