Portfolio Update

Premier Energy and Water Trust PLC announces that at close of business on 30 June 2015 its twenty largest investments were as follows:                                   

	% of total assets
OPG Power Ventures	10.0
China Power Intl. Develop	7.9
Renewable Energy Generation	4.8
Huaneng Power International	4.1
First Trust MLP and Energy Income Fund	3.6
TECO Energy	3.6
Ecofin Water & Power *	3.5
Qatar Electricity & Water	3.3
National Grid	3.2
China Everbright Intl.	3.2
Enersis	3.1
EDP – Energias do Brasil	3.0
Nextera Energy	2.9
GDF Suez	2.8
SSE PLC	2.6
Huaneng Renewables	2.4
Tenaga Nasional Berhad	2.2
Beijing Enterprises Holdings	1.9
Infinis Energy	1.9
ACEA	1.9

* Holding in both convertible bond and equity

                                                                                                                                                     At close of business on 30 June 2015 the total net assets of Premier Energy and Water Trust PLC amounted to £78.6 million. The sector breakdown and geographical allocation were as follows:

Sector Breakdown:                                          

Electricity	51.4 %
Multi Utilities	26.4 %
Water & Waste	5.6 %
Gas	3.8 %
Cash/Net Current Assets	1.2 %
Renewable Energy	11.4 %
Index Options	0.2 %
Total	100.0 %

Geographical Allocation:

Europe (excluding UK)	5.5 %
China	22.5 %
North America	13.9 %
Global	6.2 %
Asia (excluding China)	17.3 %
United Kingdom	15.8 %
Latin America	8.2 %
Cash/Net Current Assets	1.2 %
Australasia	1.3 %
Eastern Europe	4.6 %
Middle East	3.3 %
Index Options	0.2 %