Result of AGM

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

AGM Resolutions

At the Annual General Meeting of the Company held on 27 April 2011 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 £38,249 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 2,558,565 Ordinary
    shares and 3,174,937 Zero Dividend Preference shares;
   
 v. make some non-material changes to the Company's Articles of Association;
    and
   
vi. amend the Company's investment management arrangements with Premier Fund
    Managers Limited.
   
A copy of the resolutions passed at the Annual General Meeting, other than the
resolutions relating to the ordinary business of an annual general meeting, has
been submitted to the National Storage Mechanism located at http//
www.hemscott.com/nsm.do.

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

27 April 2011