Portfolio Update

Premier Energy and Water Trust PLC announces that at close of business on 30
November 2012 its ten largest investments were as follows:

                               % of total assets

GDF Suez                                     6.1

China Everbright Intl.                       4.6

Ecofin Water & Power                         4.4

China Suntien Green Energy                   4.2

Snam Rete Gas                                4.0

OPG Power Ventures                           3.9

Qatar Electricity & Water Co.                3.7

Centrica PLC                                 3.7

National Grid                                3.7

Kunlun Energy                                3.5

At close of business on 30 November 2012 the total net assets of Premier Energy
and Water Trust PLC amounted to £57 million. The sector breakdown and
geographical allocation were as follows:

Sector Breakdown:

Electricity                               45.2 %

Multi Utilities                           25.7 %

Water & Waste                             12.1 %

Gas                                        8.2 %

Cash/Net Current Assets                    2.9 %

Renewable Energy                           4.7 %

Transportation In                          1.2 %

Total                                    100.0 %

Geographical Allocation:

Europe (excluding UK)                      9.6 %

China                                     21.7 %

North America                             10.4 %

Global                                    10.5 %

Asia (excluding China)                    17.3 %

United Kingdom                            15.3 %

Latin America                              3.5 %

Cash/Net Current Assets                    2.9 %

Australasia                                1.3 %

Eastern Europe                             3.8 %

Middle East                                3.7 %