Portfolio Update

Premier Energy and Water Trust PLC announces that at close of business on 31
October 2012 its ten largest investments were as follows:

% of total assets

GDF Suez 6.0

National Grid 4.4

Ecofin Water & Power 4.4

China Everbright Intl. 4.0

Snam Rete Gas 3.8

China Suntien Green Energy 3.8

Centrica PLC 3.5

OPG Power Ventures 3.4

SSE PLC 3.3

Essar Energy Invest 3.1

At close of business on 31 October 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 42.4 %

Multi Utilities 26.7 %

Water & Waste 14.5 %

Gas 7.2 %

Cash/Net Current Assets 3.5 %

Renewable Energy 3.1 %

Transportation In 2.6 %

Total 100.0 %

Geographical Allocation :

Europe (excluding UK) 13.7 %

China 20.9 %

North America 11.4 %

Global 10.4 %

Asia (excluding China) 17.0 %

United Kingdom 14.9 %

Latin America 1.0 %

Cash/Net Current Assets 3.4 %

Australasia 1.3 %

Eastern Europe 3.2 %

Middle East 2.8 %