Net Asset Value(s)

The Net Asset Values per share of Premier Energy and Water Trust PLC (formerly
Premier Utilities Trust PLC) at close of business on 28 May 2008 are as follows :

Ordinary Shares (at bid-market value)    238.66p

Zero Dividend Preference Shares          136.27p


The valuation of the Company's unlisted investments which make up 3.5% 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.