Scheme and Reduction of Capital effective

17 September 2014

              Premier Energy and Water Trust PLC (the "Company")               

                   Scheme and Reduction of Capital effective                   

Pursuant to the announcement issued by the Company yesterday confirming the
Court approval of the Scheme and Reduction of Capital, the Company is pleased
to confirm that the Scheme and Reduction of Capital is now effective.

The last day of dealings of the ZDP Shares was 16 September 2014 and the ZDP
Shares will be delisted with effect from 8am today from the Official List by
the UK Listing Authority.

Admission of the New ZDP Shares (issued by PEWT Securities plc) to the standard
listing segment of the Official List and to trading on the Main Market of the
LSE will take effect at 8am today.

Terms not defined in this announcement shall have the same meaning as in the
circular to shareholders dated 1 August 2014.

Enquiries:

Premier Fund Managers Limited           + 44 (0) 1483 30 60 90                 
Nigel Sidebottom                                                               
James Smith                                                                    
Claire Long                                                                    
                                                                               
N+1 Singer                              + 44 (0) 20 7496 3000                  
James Maxwell                                                                  
Gillian Martin