Portfolio Update

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

Company	% of total net assets
OPG Power Ventures	9.9%
SSE PLC	6.5%
TerraForm Global Ord & 9.75% Bond*	5.9%
China Power Intl. Develop	5.8%
First Trust MLP and Energy Income Fund	5.6%
Beijing Enterprises Holdings	4.7%
Engie	3.9%
China Everbright Intl.	3.3%
Pennon Group	3.2%
Transelectrica	3.0%
Pattern Energy Conv 4% 15/7/2020	3.0%
Qatar Electricity & Water Co.	2.8%
Cia Paranaense Energia ADR	2.6%
ACEA	2.2%
Keppel Infrastructure Trust	1.9%
Nextera Energy	1.7%
EDP - Energias do Brasil	1.7%
National Grid	1.6%
Transgaz	1.6%
Cia de Saneamento do Para	1.4%

* Holding in both convertible bond and equity

At close of business on 31 May 2016 the total net assets of Premier Energy and Water Trust PLC amounted to £49.0 million. The sector breakdown and geographical allocation were as follows:

Sector Breakdown	% of total net assets
Electricity	44.6%
Multi Utilities	23.9%
Water & Waste	9.2%
Gas	8.1%
Cash/Net Current Assets	2.9%
Renewable Energy	11.3%
	100.0%

Geographical Allocation	% of total net assets
Europe (excluding UK)	6.4%
China	17.5%
North America	18.8%
Global	11.2%
Asia (excluding China)	4.5%
United Kingdom	12.1%
Latin America	7.8%
Cash/Net Current Assets	2.9%
India	9.9%
Eastern Europe	6.1%
Middle East	2.8%
	100.0%