Portfolio Update

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

Company	% of total net assets
OPG Power Ventures	8.0%
SSE PLC	6.0%
Beijing Enterprises Holdings	6.0%
TerraForm Global Ord & 9.75% Bond*	5.7%
First Trust MLP and Energy Income Fund	5.5%
China Power Intl. Develop	5.0%
Engie	4.0%
Cia Paranaense Energia ADR	3.7%
Pennon Group	3.5%
China Everbright Intl.	3.4%
Pattern Energy Conv 4% 15/7/2020	3.1%
Qatar Electricity & Water Co.	2.8%
Transelectrica	2.8%
Huaneng Renewables	2.7%
Cia de Saneamento do Para	2.0%
EDP - Energias do Brasil	2.0%
Keppel Infrastructure Trust	1.9%
Nextera Energy	1.8%
Sempra Energy	1.7%
Edison International	1.6%

* Holding in both convertible bond and equity

At close of business on 30 June 2016 the total net assets of Premier Energy and Water Trust PLC amounted to £54.0 million. The sector breakdown and geographical allocation were as follows:

Sector Breakdown	% of total net assets
Electricity	42.5%
Multi Utilities	21.9%
Water & Waste	9.4%
Gas	9.7%
Cash/Net Current Assets	2.9%
Renewable Energy	13.6%
	100.0%

Geographical Allocation	% of total net assets
Europe (excluding UK)	6.1%
China	18.5%
North America	19.5%
Global	11.1%
Asia (excluding China)	4.7%
United Kingdom	10.6%
Latin America	10.1%
Cash/Net Current Assets	2.9%
India	8.0%
Eastern Europe	5.7%
Middle East	2.8%
	100.0%