Portfolio Update

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

Company	% of total net assets
OPG Power Ventures	10.6%
SSE PLC	6.3%
TerraForm Global Ord & 9.75% Bond*	5.8%
China Power Intl. Develop	5.8%
First Trust MLP and Energy Income Fund	5.4%
Beijing Enterprises Holdings	4.4%
Engie	4.1%
China Everbright Intl.	3.4%
Cia Paranaense Energia ADR	3.2%
Transelectrica	3.0%
Pennon Group	3.0%
Pattern Energy Conv 4% 15/7/2020	2.8%
Qatar Electricity & Water Co.	2.8%
GCP Infrastructure Investments	2.1%
ACEA	2.0%
Keppel Infrastructure Trust	1.8%
EDP - Energias do Brasil	1.8%
Nextera Energy	1.6%
National Grid	1.6%
Transgaz	1.5%

* Holding in both convertible bond and equity

                                                                                                                                                     At close of business on 29 April 2016 the total net assets of Premier Energy and Water Trust PLC amounted to £49.9 million. The sector breakdown and geographical allocation were as follows:

Sector Breakdown	% of total net assets
Electricity	46.4%
Multi Utilities	24.6%
Water & Waste	8.9%
Gas	7.8%
Cash/Net Current Assets	1.5%
Renewable Energy	10.8%
	100.0%

Geographical Allocation	% of total net assets
Europe (excluding UK)	6.3%
China	17.2%
North America	18.6%
Global	11.2%
Asia (excluding China)	3.9%
United Kingdom	13.0%
Latin America	8.5%
Cash/Net Current Assets	1.5%
India	10.6%
Eastern Europe	6.4%
Middle East	2.8%
Total PEWT	100.0%