Portfolio Update

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

                                          % of total assets

China Everbright Intl                            6.1
China Suntien Green Energy                       5.5
Essar Energy Invest                              5.5
OPG Power Ventures                               4.9
Enersis                                          4.7
Ecofin Water & Power                             4.0
National Grid                                    3.9
Qatar Electricity & Water Co.                    3.6
GDF Suez                                         3.4
Centrica PLC                                     3.4

*Holding in both convertible bond and equity

At close of business on 31 March 2013 the total net assets of Premier Energy
and Water Trust PLC amounted to £65 million. The sector breakdown and
geographical allocation were as follows:


Sector Breakdown:

Electricity                                 47.1 %
Multi Utilities                             23.8 %
Water & Waste                               10.5 %
Gas                                         10.4 %
Cash/Net Current Assets                      1.2 %
Renewable Energy                             5.8 %
Infrastructure                               1.2 %
Total                                      100.0 %


Geographical Allocation:

Europe (excluding UK)                        8.1 %
China                                       27.9 %
North America                                8.7 %
Global                                       7.4 %
Asia (excluding China)                      16.2 %
United Kingdom                              13.9 %
Latin America                                9.5 %
Cash/Net Current Assets                      1.2 %
Australasia                                  1.4 %
Eastern Europe                               2.1 %
Middle East                                  3.6 %