Portfolio Update

Premier Energy and Water Trust PLC announces that at close of business on 31
July 2013 its ten largest investments were as follows:

                                       % of total assets

OPG Power Ventures                            6.6
China Everbright Intl.                        5.3
China Suntien Green Energy                    5.3
Essar Energy PLC*                             4.1
Qatar Electricity & Water Co.                 4.0
National Grid                                 3.7
Ecofin Water & Power Conv 6.00%**             3.7
GDF Suez                                      3.4
Enersis                                       3.4
EDF                                           3.3

* Holding in both convertible bond and equity

** Holding in convertible bonds

At close of business on 31 July 2013 the total net assets of Premier Energy and
Water Trust PLC amounted to £70 million. The sector breakdown and geographical
allocation were as follows:

Sector Breakdown:

Electricity                               45.2 %
Multi Utilities                           24.5 %
Water & Waste                             11.1 %
Gas                                       10.1 %
Cash/Net Current Assets                    2.2 %
Renewable Energy                           6.2 %
Infrastructure                             0.9 %
Total                                    100.0 %

Geographical Allocation:

Europe (excluding UK)                     10.0 %
China                                     26.2 %
North America                              8.0 %
Global                                     7.1 %
Asia (excluding China)                    17.1 %
United Kingdom                            13.3 %
Latin America                              9.0 %
Cash/Net Current Assets                    2.2 %
Australasia                                1.1 %
Eastern Europe                             2.0 %
Middle East                                4.0 %