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 5 October 2011 calculated in accordance
with the Articles of Association of the Company are as follows:

Ordinary Shares - ex income   116.57p 

Ordinary Shares - cum income  120.89p

Zero Dividend Preference Shares - accrued capital entitlement 169.62p

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.