Portfolio Update

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

                                % of total assets

OPG Power Ventures                     9.3
Renewable Energy Generation            6.2
China Power Intl. Develop              4.2
Huaneng Power International            4.1
Ecofin Water & Power Conv 6.00%        3.5
Fortune Oil                            3.3
SSE                                    3.2
Tenaga Nasional Berhad                 3.2
EDP- Energias do Brasil                3.2
Enersis                                3.1

At close of business on 31 August 2014 the total net assets of Premier Energy
and Water Trust PLC amounted to £78 million. The sector breakdown and
geographical allocation were as follows:

Sector Breakdown:

Electricity                         51.0 %
Multi Utilities                     21.5 %
Water & Waste                        8.1 %
Gas                                  6.6 %
Cash/Net Current Assets              1.1 %
Renewable Energy                    11.7 %
Total                              100.0 %

Geographical Allocation:

Europe (excluding UK)                6.1 %
China                               21.6 %
North America                        9.8 %
Global                               8.8 %
Asia (excluding China)              17.2 %
United Kingdom                      16.4 %
Latin America                       12.4 %
Cash/Net Current Assets              1.1 %
Australasia                          1.3 %
Eastern Europe                       2.8 %
Middle East                          2.5 %