Portfolio Update

Premier Energy and Water Trust PLC announce that at close of business on 30 April 2017 its twenty largest investments were as follows:           

Company	% of total net assets
OPG Power Ventures	5.8%
SSE PLC	5.3%
Beijing Enterprises Holdings	5.1%
First Trust MLP and Energy Income Fund	5.0%
China Everbright Intl.	4.8%
Huaneng Renewables	4.6%
Cia de Saneamento do Para	4.5%
Avangrid	3.8%
Pennon Group	3.6%
Hafslund	3.1%
Transelectrica	3.0%
Qatar Electricity & Water Co.	2.7%
Cia Paranaense Energia ADR	2.7%
Transgaz	2.3%
Nextera Energy	2.1%
Saeta Yield	2.1%
Engie	2.1%
Edison International	2.0%
China Power Intl. Develop	1.9%
Keppel Infrastructure Trust	1.9%

At close of business on 30 April 2017 the total net assets of Premier Energy and Water Trust PLC amounted to £57.6 million. The sector breakdown and geographical allocation were as follows:

Sector Breakdown	% of total net assets
Electricity	33.7%
Multi Utilities	23.9%
Renewable Energy	11.8%
Water & Waste	14.7%
Gas	10.7%
Cash/Net Current Assets	5.2%
	100.0%

Geographical Allocation	% of total net assets
North America	20.6%
China	17.6%
Latin America	10.4%
United Kingdom	9.5%
Global	3.3%
India	7.6%
Europe (excluding UK)	12.6%
Eastern Europe	5.2%
Asia (excluding China)	5.3%
Middle East	2.7%
Cash/Net Current Assets	5.2%
	100.0%