Portfolio Update

At 28 February 2007 the total net assets of Premier Utilities Trust PLC
amounted to £60.9 million.The sector breakdown and geographical breakdown were
as follows :

Sector Breakdown :

Electricity                 52.4 %

Water                       16.2 %

Telecoms                    11.9 %

Gas                         10.6 %

Infrastructure               8.4 %

Cash & Net Assets            0.5 %


Total                      100.0 %


Geographical Allocation :

United Kingdom              25.5 %

USA                         10.9 %

France                      10.6 %

Italy                       10.5 %

China / Hong Kong            9.5 %

Germany                      9.0 %

Czech Rep                    4.2 %

New Zealand                  3.9 %

Spain                        3.2 %

Canada                       2.9 %

Republic of Korea            2.6 %

Hungary                      2.5 %

Malaysia                     1.9 %

Singapore                    1.7 %

Greece                       0.6 %

Cash & Net Assets            0.5 %


Total                      100.0 %