Portfolio Update

Premier Energy and Water Trust PLC announces that at close of business on 31
January 2014 its ten largest investments were as follows:

% of total assets

OPG Power Ventures 7.8

China Suntien Green Energy 5.6

China Everbright Intl. 5.2

Kunlun Energy 4.2

National Grid 3.7

Ecofin Water & Power Conv 6.00%* 3.6

SSE PLC 3.4

Fortune Oil 3.4

GDF Suez 3.3

Tenaga Nasional Berhad 3.2

* Holding in convertible bonds

At close of business on 31 January 2014 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 46.1 %

Multi Utilities 20.7%

Water & Waste 10.7 %

Gas 11.7 %

Cash/Net Current Assets 2.7 %

Renewable Energy 7.4 %

Infrastructure 0.7 %

Total 100.0 %

Geographical Allocation:

Europe (excluding UK) 9.2 %

China 27.0 %

North America 7.7 %

Global 7.0 %

Asia (excluding China) 17.2 %

United Kingdom 14.3 %

Latin America 8.6 %

Cash/Net Current Assets 2.7 %

Australasia 0.8 %

Eastern Europe 2.5 %

Middle East 3.0 %