Portfolio Update

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

Company	% of total net assets
OPG Power Ventures	11.1
SSE PLC	6.2
China Power Intl. Develop	5.8
TerraForm Global Ord & 9.75% Bond 15/08/2022*	5.4
Engie	4.2
Nextera Energy	4.1
First Trust MLP and Energy Income Fund	4.1
Pennon Group	3.4
Beijing Enterprises Holdings	3.3
China Everbright Intl.	3.0
Transelectrica	2.8
Qatar Electricity & Water	2.6
GCP Infrastructure Investments	2.6
EDP – Energias do Brasil	2.2
ACEA	2.1
Cia Paranaense Energia ADR	1.9
Huaneng Power International	1.9
National Grid	1.8
Keppel Infrastructure Trust	1.7
Enersis	1.5

* Holding in both convertible bond and equity

At close of business on 31 January 2016 the total net assets of Premier Energy and Water Trust PLC amounted to £48.4 million. The sector breakdown and geographical allocation were as follows:

Sector Breakdown	% of total net assets
Electricity	51.9
Multi Utilities	22.6
Water & Waste	8.8
Gas	6.7
Cash/Net Current Assets	2.3
Renewable Energy	7.6
Total	100.0

Geographical Allocation	% of total net assets
Europe (excluding UK)	6.2
China	17.0
North America	17.7
Global	11.9
Asia (excluding China)	3.8
United Kingdom	14.1
Latin America	6.3
Cash/Net Current Assets	2.3
India	11.9
Eastern Europe	6.2
Middle East	2.6
Total	100.0