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 7 September 2011 calculated in
accordance with the Articles of Association of the Company are as follows:

Ordinary Shares - ex income    129.81p 

Ordinary Shares - cum income   133.31p

Zero Dividend Preference Shares - accrued capital entitlement 168.80p

The valuation of the Company's unlisted investments which make up 1.8% 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.