Portfolio Update

Premier Energy and Water Trust PLC announce that at close of business on 30 December 2016 its twenty largest investments were as follows:     

Company	% of total net assets
OPG Power Ventures	7.8%
SSE PLC	5.9%
TerraForm Global 9.75% Bond 15/08/2022	5.3%
First Trust MLP and Energy Income Fund	5.3%
Beijing Enterprises Holdings	5.1%
China Power Intl. Develop	4.5%
Cia de Saneamento do Para	4.5%
Pattern Energy Conv 4% 15/7/2020	4.1%
China Everbright Intl.	3.5%
Avangrid	3.4%
Pennon Group	3.3%
Qatar Electricity & Water Co.	3.1%
Huaneng Renewables	3.1%
Transelectrica	2.8%
Cia Paranaense Energia ADR	2.7%
Hafslund	2.5%
Nextera Energy	2.0%
Engie	2.0%
Edison International	2.0%
Keppel Infrastructure Trust	1.7%

* Holding in both bond and equity

At close of business on 30 December 2016 the total net assets of Premier Energy and Water Trust PLC amounted to £57.0 million. The sector breakdown and geographical allocation were as follows:

Sector Breakdown	% of total net assets
Electricity	36.9%
Multi Utilities	24.1%
Renewable Energy	15.8%
Water & Waste	12.5%
Gas	8.7%
Cash/Net Current Assets	2.0%
	100.0%

Geographical Allocation	% of total net assets
North America	24.1%
China	17.6%
Latin America	10.1%
United Kingdom	9.8%
Global	8.4%
India	8.2%
Europe (excluding UK)	7.5%
Eastern Europe	4.5%
Asia (excluding China)	4.7%
Middle East	3.1%
Cash/Net Current Assets	2.0%
	100.0%