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

Ordinary Shares - ex income  122.93p 

Ordinary Shares - cum income 127.13p

Zero Dividend Preference Shares - accrued capital entitlement 169.41p

The valuation of the Company's unlisted investments which make up 1.6% 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.