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 11 March 2009 are as follows :

Ordinary Shares - ex income  128.96p

Ordinary Shares - cum income 133.85p

Zero Dividend Preference Shares - accrued capital entitlement    143.72p

The valuation of the Company's unlisted investments which make up 4.2% 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.