Portfolio Update

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

Company	% of total net assets
OPG Power Ventures	7.2%
TerraForm Global Ord & 9.75% Bond*	6.1%
Beijing Enterprises Holdings	5.8%
SSE	5.7%
First Trust MLP and Energy Income Fund	5.5%
China Power Intl. Develop	5.4%
Pattern Energy Conv 4% 15/7/2020	4.2%
Engie	4.0%
Cia Paranaense Energia ADR	4.0%
Pennon Group	3.2%
China Everbright Intl.	3.2%
Qatar Electricity & Water Co.	3.0%
Transelectrica	2.9%
Huaneng Renewables	2.6%
Cia de Saneamento do Parana	2.2%
Hafslund	1.9%
Keppel Infrastructure Trust	1.9%
Edison International	1.8%
EDP - Energias do Brasil	1.8%
Nextera Energy	1.7%

* Holding in both bond and equity

At close of business on 31 July 2016 the total net assets of Premier Energy and Water Trust PLC amounted to £55.8 million. The sector breakdown and geographical allocation were as follows:

Sector Breakdown	% of total net assets
Electricity	40.7%
Multi Utilities	23.5%
Water & Waste	9.1%
Gas	8.8%
Cash/Net Current Assets	2.5%
Renewable Energy	15.4%
	100.0%

Geographical Allocation	% of total net assets
Europe (excluding UK)	6.7%
China	17.6%
North America	20.7%
Global	11.5%
Asia (excluding China)	4.6%
United Kingdom	9.9%
Latin America	10.3%
Cash/Net Current Assets	2.5%
India	7.4%
Eastern Europe	5.9%
Middle East	2.9%
	100.0%