Portfolio Update

Premier Energy and Water Trust PLC announces that at close of business on 29
July 2011 its ten largest investments were as follows :

                                   % of total assets

Snam Rete Gas                            4.22
GDF Suez                                 3.24
Suez Environnement                       3.21
Calpine                                  3.21
Guangdong Inv.                           2.77
Veolia                                   2.71
Sound Global                             2.66
China Resources Power                    2.49
Thai Tap Water                           2.46
Enbridge                                 2.40

At close of business on 29 July 2011 the total net assets of Premier Energy and
Water Trust PLC amounted to £61.7 million.The sector breakdown and geographical
allocation were as follows :

Sector Breakdown :

Electricity                              44.2 %
Water                                    30.2 %
Gas                                      14.6 %
Infrastructure                            8.4 %
Cash & Net Assets                         2.6 %
Total                                   100.0 %

Geographical Allocation :

USA                                      21.7 %
China / Hong Kong                        17.3 %
France                                   11.2 %
United Kingdom                           10.5 %
Australia                                 8.1 %
Thailand                                  6.0 %
Italy                                     5.1 %
Canada                                    4.7 %
Singapore                                 2.7 %
Czech Rep                                 2.0 %
Finland                                   1.8 %
Spain                                     1.4 %
Korea                                     1.2 %
Germany                                   1.1 %
Malaysia                                  1.0 %
Qatar                                     0.9 %
Austria                                   0.7 %
Cash & Net Assets                         2.6 %
Total                                   100.0 %