Portfolio Update

Premier Energy and Water Trust PLC announce that at close of business on 31 August 2016 its twenty largest investments were as follows:           

Company	% of total net assets
OPG Power Ventures	8.7%
Beijing Enterprises Holdings	5.9%
SSE PLC	5.5%
TerraForm Global Ord & 9.75% Bond	5.4%
First Trust MLP and Energy Income Fund	5.3%
China Power Intl. Develop	4.9%
Pattern Energy Conv 4% 15/7/2020	4.1%
Cia Paranaense Energia ADR	4.0%
Engie	3.8%
China Everbright Intl.	3.7%
Pennon Group	3.0%
Huaneng Renewables	3.0%
Transelectrica	2.9%
Qatar Electricity & Water Co.	2.8%
Cia de Saneamento do Para	2.8%
Hafslund	1.9%
Keppel Infrastructure Trust	1.8%
EDP - Energias do Brasil	1.7%
Edison International	1.7%
Transgaz	1.7%

* Holding in both bond and equity

                                                                                                                                                     At close of business on 31 August 2016 the total net assets of Premier Energy and Water Trust PLC amounted to £57.4 million. The sector breakdown and geographical allocation were as follows:

Sector Breakdown	% of total net assets
Electricity	40.7%
Multi Utilities	22.4%
Water & Waste	10.1%
Gas	8.8%
Cash/Net Current Assets	3.0%
Renewable Energy	15.0%
	100.0%

Geographical Allocation	% of total net assets
Europe (excluding UK)	6.5%
China	18.1%
North America	19.8%
Global	10.4%
Asia (excluding China)	4.3%
United Kingdom	9.5%
Latin America	10.8%
Cash/Net Current Assets	3.0%
India	8.8%
Eastern Europe	6.0%
Middle East	2.8%
	100.0%