Portfolio Update

Premier Energy and Water Trust PLC announces that at close of business on 30
June 2014 its ten largest investments were as follows:

% of total assets

OPG Power Ventures 9.6

Renewable Energy Generation 6.0

Fortune Oil 4.3

Huaneng Power International 3.7

China Power Intl. Develop 3.6

Ecofin Water & Power Conv 6.00% 3.4

SSE 3.4

GDF Suez 3.3

China Suntien Green Energy 3.1

Enersis 3.1

At close of business on 30 June 2014 the total net assets of Premier Energy and
Water Trust PLC amounted to £77 million. The sector breakdown and geographical
allocation were as follows:

Sector Breakdown:

Electricity 50.6 %

Multi Utilities 19.9 %

Water & Waste 8.1 %

Gas 8.4 %

Cash/Net Current Assets 1.8 %

Renewable Energy 11.2 %

Total 100.0 %

Geographical Allocation:

Europe (excluding UK) 7.9 %

China 24.2 %

North America 8.8 %

Global 6.8 %

Asia (excluding China) 17.1 %

United Kingdom 16.1 %

Latin America 12.2 %

Cash/Net Current Assets 1.8 %

Australasia 1.2 %

Eastern Europe 1.4 %

Middle East 2.5 %