Portfolio Update

Premier Energy and Water Trust PLC announces that as at 29 October 2010 its ten
largest investments were as follows :

                          % of total assets

Aqua America                    4.84
GDF Suez                        3.48
Entergy                         3.44
Thai Tap Water                  3.38
Snam Rete Gas                   3.38
Sound Global                    3.13
Calpine                         3.12
Severn Trent                    2.70
China Power New Energy          2.69
Electricity Generating PCL      2.59

At 29 October 2010 the total net assets of Premier Energy and Water Trust PLC
amounted to £50.1 million.The sector breakdown and geographical allocation were
as follows :

Sector Breakdown :

Electricity                    51.5 %
Water                          27.3 %
Gas                            11.5 %
Infrastructure                  7.9 %
Cash & Net Assets               1.8 %
Total                         100.0 %

Geographical Allocation :

USA                            36.0 %
China / Hong Kong              12.7 %
France                         10.3 %
United Kingdom                  8.4 %
Thailand                        7.9 %
Italy                           5.7 %
Canada                          3.5 %
Singapore                       3.1 %
Germany                         2.7 %
Australia                       2.7 %
India                           2.2 %
Finland                         1.6 %
Malaysia                        1.4 %
Cash & Net Assets               1.8 %
Total                         100.0 %