Portfolio Update

Premier Utilities Trust PLC
5 January 2004

The net asset values of Premier Utilities Trust PLC at 31 December 2003
are as follows:

Ordinary Shares                         105.50p

Zero Dividend Preference Shares         101.14p


In accordance with Listing Rule 21.20 (1) (ii), Premier Utilities Trust PLC 
announces that as at 31 December 2003 the ten largest investments were as 
follows:
 
Name                                               Percentage of 
                                                   Portfolio

National Grid Transco                              7.86
BAA                                                6.55
Scottish Power                                     6.53
Pennon Group                                       5.73
AWG                                                5.72
Enel SPA                                           5.36
DTE Energy Co                                      5.25
Dominion Resources                                 5.20
Duquense Light Holdings                            5.18
FPL Group Inc                                      5.13

 
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