Portfolio Update

Premier Energy and Water Trust PLC announce that at close of business on 29 February 2016 its twenty largest investments were as follows:           

Company	% of total net assets
OPG Power Ventures	10.9
SSE PLC	6.0
China Power Intl. Develop	5.6
TerraForm Global Ord & 9.75% Bond 15/08/2022*	5.3
First Trust MLP and Energy Income Fund	5.0
Engie	4.2
China Everbright Intl.	3.4
Nextera Energy	3.3
Beijing Enterprises Holdings	3.2
Pennon Group	3.1
Transelectrica	3.1
Qatar Electricity & Water	2.8
Pattern Energy Conv 4%15/7/2020	2.7
GCP Infrastructure Investments	2.7
Cia Paranaense Energia ADR	2.4
ACEA	2.0
Huaneng Power International	1.8
Keppel Infrastructure Trust	1.8
Enersis	1.7
EDP – Energias do Brasil	1.7

* Holding in both convertible bond and equity

                                                                                                                                                     At close of business on 29 February 2016 the total net assets of Premier Energy and Water Trust PLC amounted to £48.5 million. The sector breakdown and geographical allocation were as follows:

Sector Breakdown	% of total net assets
Electricity	47.8
Multi Utilities	24.7
Water & Waste	8.6
Gas	6.6
Cash/Net Current Assets	1.9
Renewable Energy	1
Total	100.0

Geographical Allocation	% of total net assets
Europe (excluding UK)	6.1
China	17.4
North America	19.1
Global	10.6
Asia (excluding China)	3.9
United Kingdom	13.4
Latin America	6.6
Cash/Net Current Assets	1.9
India	11.7
Eastern Europe	6.5
Middle East	2.8
Total	100.0