Portfolio Update

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

                                % of total assets

OPG Power Ventures                   8.3

Renewable Energy Generation          6.7

Fortune Oil                          4.6

GDF Suez                             3.5

Ecofin Water & Power Conv 6.00%      3.4

SSE                                  3.4

Huaneng Power International          3.4

China Power Intl. Develop            3.2

Enersis                              3.1

Qatar Electricity & Water Co.        3.1

At close of business on 30 April 2014 the total net assets of Premier Energy
and Water Trust PLC amounted to £74 million. The sector breakdown and
geographical allocation were as follows:

Sector Breakdown:

Electricity                       51.0 %

Multi Utilities                   18.5 %

Water & Waste                      7.2 %

Gas                               10.0 %

Cash/Net Current Assets            2.2 %

Renewable Energy                  11.1 %

Total                            100.0 %

Geographical Allocation:

Europe (excluding UK)             9.4 %

China                            21.0 %

North America                     8.2 %

Global                            7.0 %

Asia (excluding China)           18.0 %

United Kingdom                   16.5 %

Latin America                    11.2 %

Cash/Net Current Assets           2.2 %

Australasia                       1.3 %

Eastern Europe                    2.1 %

Middle East                       3.1 %