Portfolio Update

Premier Energy and Water Trust PLC announce that at close of business on 31 May 2017 its twenty largest investments were as follows:           

Company	% of total net assets
SSE PLC	5.7%
OPG Power Ventures	5.3%
Beijing Enterprises Holdings	4.9%
First Trust MLP and Energy Income Fund	4.8%
Cia de Saneamento do Para	4.6%
China Everbright Intl.	4.5%
Huaneng Renewables	4.3%
Pennon Group	4.1%
Avangrid	4.0%
Transelectrica	3.2%
Transgaz	2.8%
Qatar Electricity & Water Co.	2.7%
Saeta Yield	2.7%
Edison International	2.5%
Cia Paranaense Energia ADR	2.5%
Nextera Energy	2.2%
Engie	2.2%
Iberdrola	2.1%
Keppel Infrastructure Trust	2.0%
China Power Intl. Develop	2.0%

                                                                                                                                                     At close of business on 31 May 2017 the total net assets of Premier Energy and Water Trust PLC amounted to £58.8 million. The sector breakdown and geographical allocation were as follows:

Sector Breakdown	% of total net assets
Electricity	34.1%
Multi Utilities	23.4%
Renewable Energy	12.6%
Water & Waste	15.2%
Gas	11.6%
Toll Roads	0.7%
Cash/Net Current Assets	2.4%
	100.0%

Geographical Allocation	% of total net assets
North America	21.6%
China	17.4%
Latin America	10.3%
United Kingdom	10.4%
Global	3.8%
India	7.0%
Europe (excluding UK)	14.4%
Eastern Europe	5.9%
Asia (excluding China)	4.1%
Middle East	2.7%
Cash/Net Current Assets	2.4%
	100.0%