Correction : Net Asset Value(s)

The Net Asset Value(s) announcements released earlier today contained minor
errors in respect of the NAV figures for the 4 January 2012 and in relation to
the percentage of unlisted investments held by the Company.

The corrected Net Asset Values per share (at bid-market values) of Premier
Energy and Water Trust PLC at close of business on 04 January 2012 calculated
in accordance with the Articles of Association of the Company are as follows:

Ordinary Shares - ex income   121.69p 

Ordinary Shares - cum income  126.82p

Zero Dividend Preference Shares - accrued capital entitlement 172.30p

The valuation of the Company's unlisted investments which make up 1.8% 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.

The valuation of the Company's unlisted investments were incorrectly stated as
2% of total net assets as at 30 December 2011 and 4 January 2012, the correct
figure of unlisted investments should have been 1.8% of total net assets for
both of these dates (all other details on the 30 December Net Asset Value
announcement remain unchanged).