Portfolio Update

Premier Energy and Water Trust PLC announces that as at 28 February 2010 its
ten largest investments were as follows :

                           % of total assets

UIL Holdings                     3.76
Entergy                          3.73
GDF Suez                         3.42
Epure Int'l                      3.33
Aqua America                     3.18
Snam Rete Gas                    3.14
E.ON                             3.13
China Power New Energy           2.88
Pacific Gas & Electric           2.78
Huaneng Power                    2.71


At 28 February 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                     53.3 %
Water                           20.3 %
Gas                             14.0 %
Infrastructure                   5.8 %
Cash & Net Assets                6.6 %
Total                          100.0 %

Geographical Allocation :

USA                             26.5 %
China / Hong Kong               15.2 %
France                          10.9 %
United Kingdom                  10.5 %
Canada                           6.8 %
Italy                            6.7 %
Thailand                         4.4 %
Singapore                        3.8 %
Germany                          3.1 %
Greece                           2.6 %
Spain                            1.7 %
India                            1.2 %
Cash & Net Assets                6.6 %
Total                          100.0 %