Portfolio Update

At 30 September 2007 the total net assets of Premier Utilities Trust PLC amounted to
£70.3 million.The sector breakdown and geographical breakdown were as follows :

Sector Breakdown :

Electricity            50.5 %
Water                  12.0 %
Telecoms               10.4 %
Gas                    10.3 %
Infrastructure          8.4 %
Cash & Net Assets       8.4 %

Total                 100.0 %


Geographical Allocation :

United Kingdom         24.5 %
USA                    16.4 %
Germany                 9.9 %
China / Hong Kong       9.0 %
Italy                   8.8 %
Finland                 4.1 %
Spain                   3.5 %
France                  3.3 %
India                   3.1 %
Malaysia                2.4 %
Czech Rep               2.4 %
Greece                  2.1 %
New Zealand             1.2 %
Australia               0.9 %
Cash & Net Assets       8.4 %

Total                 100.0 %