Correction : Net Asset Value(s)

The 'Net Asset Value(s)' announcement released today at 15.33, should
have been issued under the Company name of Premier Energy and Water Trust PLC
and not under the Company name of Baring Emerging Europe PLC .

The announcement text is unchanged and is reproduced in full below.



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.