Portfolio Update

Premier Utilities Trust PLC
3 February 2004


In accordance with listing Rule 21.20 (L)(ii), Premier Utilities Trust plc 
announces that as at 31 January 2004 the ten largest investments were as 
follows:

                                        % of portfolio

National Grid Transco                         6.21 
Scottish Power                                6.07 
BT                                            5.76 
AWG                                           5.57 
Enel                                          5.41 
Viridian                                      5.35 
BAA                                           5.34 
Scottish Southern Energy                      5.24 
Duquesne Light Holdings                       5.14 
Dominion Resources                            5.00

There were no additional investments with a value greater than 5% of the 
Company's portfolio.


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