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 27 July 2011 calculated in accordance
with the Articles of Association of the Company are as follows:

Ordinary Shares - ex income 160.29p 

Ordinary Shares - cum income 165.17p

Zero Dividend Preference Shares - accrued capital entitlement 167.57p

The valuation of the Company's unlisted investments which make up 1.7% 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.