Portfolio Update

Premier Energy and Water Trust PLC announces that as at 30 July 2010 its ten
largest investments were as follows :

                            % of total assets

National Grid                     4.74
Aqua America                      4.62
E.ON                              4.18
China Power New Energy            4.03
Entergy                           3.79
Calpine                           3.56
Snam Rete Gas                     3.10
GDF Suez                          3.07
PG & E Corp                       2.93
Severn Trent                      2.63


At 30 July 2010 the total net assets of Premier Energy and Water Trust PLC
amounted to £48.4 million.The sector breakdown and geographical allocation were
as follows :

Sector Breakdown :

Electricity                      57.4 %
Water                            22.6 %
Gas                               9.2 %
Infrastructure                    4.4 %
Cash & Net Assets                 6.4 %
Total                           100.0 %

Geographical Allocation :

USA                              30.8 %
China / Hong Kong                15.1 %
United Kingdom                   13.9 %
France                            8.8 %
Thailand                          5.3 %
Italy                             5.3 %
Germany                           4.9 %
Singapore                         2.4 %
India                             2.4 %
Spain                             1.8 %
Finland                           1.4 %
Canada                            1.0 %
Greece                            0.5 %
Cash & Net Assets                 6.4 %
Total                           100.0 %