Dividend Declaration

Premier Utilities Trust PLC
17 November 2004

                              Quarterly Dividend

Premier Utilities Trust PLC announces that the fourth quarterly dividend, of
1.5p per Ordinary share, which is in line with the expected level set out in
the Company's prospectus published on 29 September 2003, will be paid on 31
December 2004 to members on the register at the close of business on 26 November
2004.  The Ordinary shares will be marked ex-dividend on 24 November 2004.

The Board expects to be able to meet the remaining quarterly dividend for 2004
as set out in the Company's prospectus of 2.25p per Ordinary share for the
quarter ending 31 December 2004.



                      This information is provided by RNS
            The company news service from the London Stock Exchange