Portfolio Update

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

Company	% of total net assets
OPG Power Ventures	7.6%
SSE PLC	5.7%
Beijing Enterprises Holdings	5.3%
First Trust MLP and Energy Income Fund	5.1%
TerraForm Global 9.75% Bond 15/08/2022	5.0%
China Power Intl. Develop	4.6%
Pattern Energy Conv 4% 15/7/2020	4.1%
Cia de Saneamento do Para	3.9%
China Everbright Intl.	3.6%
Engie	3.6%
Cia Paranaense Energia ADR	3.5%
Pennon Group	3.1%
Huaneng Renewables	2.9%
Transelectrica	2.8%
Qatar Electricity & Water Co.	2.8%
Hafslund	2.3%
Nextera Energy	2.1%
Edison International	1.9%
Keppel Infrastructure Trust	1.8%
Transgaz	1.6%

* Holding in both bond and equity

At close of business on 31 October 2016 the total net assets of Premier Energy and Water Trust PLC amounted to £59.9 million. The sector breakdown and geographical allocation were as follows:

Sector Breakdown	% of total net assets
Electricity	38.6%
Multi Utilities	23.4%
Renewable Energy	15.2%
Water & Waste	11.9%
Gas	8.9%
Cash/Net Current Assets	2.0%
	100.0%

Geographical Allocation	% of total net assets
North America	22.7%
China	17.5%
Latin America	10.9%
United Kingdom	9.6%
Global	9.6%
India	8.2%
Europe (excluding UK)	7.3%
Eastern Europe	4.6%
Asia (excluding China)	4.8%
Middle East	2.8%
Cash/Net Current Assets	2.0%
	100.0%