Portfolio Update

In accordance with listing Rule 21.20 (L) (ii),Premier Utilities Trust PLC
announces that as at 31 May 2007 its ten largest investments were as follows :

                         % of total assets

NRG Energy                     7.33

Datang Int'l                   5.45

E.ON                           4.93

CEZ                            4.79

RWE                            4.56

Veolia                         4.37

National Grid                  4.10

ENEL                           3.99

Fortum                         3.92

Autostrada                     3.54

At 31 May 2007 the total net assets of Premier Utilities Trust PLC amounted to
£67.8million.The sector breakdown and geographical breakdown were as follows :

Sector Breakdown :

Electricity                   54.9 %

Water                         13.0 %

Gas                           12.1 %

Telecoms                       9.2 %

Infrastructure                 8.9 %

Cash & Net Assets              1.9 %

Total                        100.0 %


Geographical Allocation :

United Kingdom                18.7 %

USA                           15.4 %

China / Hong Kong             11.8 %

Italy                         11.7 %

Germany                       11.0 %

France                        10.2 %

Czech Rep                      4.8 %

Finland                        3.9 %

Spain                          3.0 %

Canada                         3.0 %

New Zealand                    1.6 %

Greece                         1.4 %

Australia                      1.0 %

Brazil                         0.6 %

Cash & Net Assets              1.9 %

Total                        100.0 %