Portfolio Update

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

% of total assets

OPG Power Ventures 8.5

Renewable Energy Generation 7.5

Fortune Oil 4.4

GDF Suez 3.8

Ecofin Water & Power Conv 6.00% 3.4

SSE 3.3

Tauron Polska Energia 3.2

China Everbright Intl. 3.1

Tenaga Nasional Berhad 3.1

China Power Intl. Develop 3.1

At close of business on 31 March 2014 the total net assets of Premier Energy
and Water Trust PLC amounted to £75 million. The sector breakdown and
geographical allocation were as follows:

Sector Breakdown:

Electricity 48.1 %

Multi Utilities 18.7 %

Water & Waste 7.5 %

Gas 10.6 %

Cash/Net Current Assets 2.4 %

Renewable Energy 11.9 %

Infrastructure 0.8 %

Total 100.0 %

Geographical Allocation:

Europe (excluding UK) 8.4 %

China 22.1 %

North America 7.4 %

Global 7.3 %

Asia (excluding China) 18.2 %

United Kingdom 17.0 %

Latin America 10.2 %

Cash/Net Current Assets 2.4 %

Australasia 0.9 %

Eastern Europe 3.2 %

Middle East 2.9 %