Result of AGM

PREMIER ENERGY AND WATER TRUST PLC ("the Company")

AGM Resolutions

At the Annual General Meeting of the Company held on 21 April 2010 all the
resolutions that were proposed were duly approved. The resolutions approved
included resolutions which:

 i. will allow the Directors to allot new shares up to an aggregate nominal
    amount of £29,439, representing approximately 10% of the issued Ordinary
    and Zero Dividend Preference share capital of the Company.
   
ii. will allow the Directors to allot Ordinary shares for cash at a price which
    represents a discount to the net asset value of an Ordinary share;
   
iii. will allow the disapplication of pre-emption rights on the allotment of
    new Ordinary shares;
   
iv. will allow the Company to make market purchases of up to 1,964,149 Ordinary
    shares and 2,448,826 Zero Dividend Preference shares.
   
Copies of the resolutions passed at the Meeting, other than the resolutions
relating to the ordinary business of an annual general meeting, have been
submitted to the UK Listing Authority and will be shortly available for
inspection at the UK Listing Authority's Document Viewing Facility, which is
situated at the Financial Services Authority, 25 The North Colonnade, Canary
Wharf, London E14 5HS.

A summary of the proxy votes received will shortly be available on the
Investment Manager's website, www.premierassetmanagement.co.uk

Contact:

Nigel Sidebottom, Premier Fund Managers Limited

01483 400465

21 April 2010