Portfolio Update

Premier Energy and Water Trust PLC announces that at close of business on 
29 June 2012 its ten largest investments were as follows:

                % of total assets

GDF Suez              6.2

Ecofin Water & Power  3.9

E.ON AG               3.2

EDF                   3.1

National Grid         2.9

RWE                   2.9

Snam Rete Gas         2.8

UIL Holdings          2.7

Terna Spa             2.7

Electricity 
Generating PCL-NVDR   2.7

At close of business on 29 June 2012 the total net assets of Premier Energy and
Water Trust PLC amounted to £59 million. The sector breakdown and geographical
allocation were as follows:

Sector Breakdown :

Electricity             40.0 %

Water & Waste           20.9 %

Gas                      7.1 %

Multi Utilities         21.9 %

Renewable Energy         2.7 %

Transportation In        2.4 %

Cash & Net Assets        5.0 %

Total                  100.0 %



Geographical Allocation :

Asia (excluding China)  12.6 %

China                   16.0 %

Europe (excluding UK)   23.6 %

Global                  11.5 %

Latin America            5.0 %

Middle East              1.3 %

North America           13.7 %

United kingdom          10.2 %

Australasia              1.2 %

Cash/Current Assets      4.9 %