Portfolio Update

Premier Energy and Water Trust PLC announces that at close of business on 31 July 2015 its twenty largest investments were as follows:                              

OPG Power Ventures	% of total assets 9.7
China Power Intl. Develop	4.8
Renewable Energy Generation	4.2
Nextera Energy	3.4
First Trust MLP and Energy Income Fund	3.4
National Grid	3.3
SSE PLC	3.1
EDP – Energias do Brasil	3.1
Enersis	2.9
GDF Suez	2.9
China Everbright Intl.	2.7
Qatar Electricity & Water	2.7
Beijing Enterprises Holdings	2.6
Tenaga Nasional Berhad	2.1
ACEA	2.1
Greenko Group Ord and 8% Bond*	2.0
Pennon Group	1.9
Hera	1.9
TECO Energy	1.8
China Resources Power Holdings	1.7

* Holding in both convertible bond and equity

At close of business on 31 July 2015 the total net assets of Premier Energy and Water Trust PLC amounted to £79.7 million. The sector breakdown and geographical allocation were as follows:

Sector Breakdown:                                     

Electricity	47.0 %
Multi Utilities	20.8 %
Water & Waste	7.4 %
Gas	4.7 %
Cash/Net Current Assets	10.4 %
Renewable Energy	9.7 %
Index Options	0.0 %
Total	100.0 %

Geographical Allocation:

Europe (excluding UK)	5.8 %
China	16.4 %
North America	16.5 %
Global	3.0 %
Asia (excluding China)	17.1 %
United Kingdom	15.9 %
Latin America	7.5 %
Cash/Net Current Assets	10.4 %
Eastern Europe	4.7 %
Middle East	2.7 %
Index Options	0.0 %