Portfolio Update

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

           % of total assets

GDF Suez                            5.4
China Everbright Intl.              4.8
China Suntien Green Energy          4.5
Ecofin Water & Power                4.4
Snam Rete Gas                       4.1
OPG Power Ventures                  4.0
Centrica PLC                        3.7
Qatar Electricity & Water Co.       3.7
National Grid                       3.6
Kunlun Energy                       3.5


At close of business on 31 December 2012 the total net assets of Premier Energy
and Water Trust PLC amounted to £58 million. The sector breakdown and
geographical allocation were as follows:

Sector Breakdown:

Electricity                       44.1 %
Multi Utilities                   25.5 %
Water & Waste                     12.1 %
Gas                                9.3 %
Cash/Net Current Assets            3.0 %
Renewable Energy                   4.9 %
Transportation In                  1.1 %
Total                            100.0 %


Geographical Allocation:

Europe (excluding UK)              9.8 %
China                             23.6 %
North America                     10.0 %
Global                             9.8 %
Asia (excluding China)            17.1 %
United Kingdom                    15.3 %
Latin America                      2.6 %
Cash/Net Current Assets            3.0 %
Australasia                        1.3 %
Eastern Europe                     3.8 %
Middle East                        3.7 %