Net Asset Value(s)

The Net Asset Values per share (at bid-market values) of Premier Energy and
Water Trust PLC at close of business on 6 June 2012 calculated in accordance
with the Articles of Association of the Company are as follows:

Ordinary Shares - ex income 112.07p Ordinary Shares - cum income 116.49p

Zero Dividend Preference Shares - accrued capital entitlement 176.96p

The valuation of the Company's unlisted investments which make up 0.8 % of
total net assets, is considered by the Board at each quarter end. In the event
that there is a significant change in valuation between these quarter end
points, this will be reflected in the normal weekly net asset value
calculations.