Net Asset Value(s)

The Net Asset Values per share,on a capital only basis,of Premier Energy and
Water Trust PLC (formerly Premier Utilities Trust PLC) at close of business on
4 June 2008 are as follows :

Ordinary Shares (at bid-market value)     240.20p

Zero Dividend Preference Shares           136.45p


The valuation of the Company's unlisted investments which make up 3.4% 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.