Portfolio Update

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

Company	% of total net assets
OPG Power Ventures	6.6%
Cia de Saneamento do Para	5.7%
SSE PLC	5.5%
First Trust MLP and Energy Income Fund	5.2%
TerraForm Global 9.75% Bond 15/08/2022	5.2%
Beijing Enterprises Holdings	5.2%
China Everbright Intl.	4.3%
Pattern Energy Conv 4% 15/7/2020	4.1%
Avangrid	3.5%
Pennon Group	3.4%
Huaneng Renewables	3.3%
Transelectrica	3.1%
Qatar Electricity & Water Co.	3.1%
Cia Paranaense Energia ADR	3.1%
Hafslund	2.3%
Nextera Energy	2.0%
China Power Intl. Develop	2.0%
Edison International	1.9%
Engie	1.8%
Transgaz	1.7%

* Holding in both bond and equity

At close of business on 31 January 2017 the total net assets of Premier Energy and Water Trust PLC amounted to £58.4 million. The sector breakdown and geographical allocation were as follows:

Sector Breakdown	% of total net assets
Electricity	33.0%
Multi Utilities	23.9%
Renewable Energy	16.1%
Water & Waste	14.6%
Gas	8.7%
Cash/Net Current Assets	3.7%
	100.0%

Geographical Allocation	% of total net assets
North America	23.8%
China	16.0%
Latin America	11.9%
United Kingdom	9.5%
Global	8.1%
India	7.1%
Europe (excluding UK)	7.1%
Eastern Europe	4.9%
Asia (excluding China)	4.8%
Middle East	3.1%
Cash/Net Current Assets	3.7%
	100.0%