Portfolio Update

At 31 January 2007 the total net assets of Premier Utilities Trust PLC amounted
to £61.1 million.The sector breakdown and geographical breakdown were as
follows :

Sector Breakdown :

Electricity          57.5 %

Water                16.7 %

Telecoms             11.4 %

Infrastructure        8.4 %

Gas                   5.2 %

Cash & Net Assets     0.8 %


Total               100.0 %


Geographical Allocation :

United Kingdom       22.4 %

France               11.0 %

Italy                10.5 %

Germany              10.5 %

China / Hong Kong     9.4 %

USA                   7.9 %

Czech Rep             4.5 %

New Zealand           4.0 %

Portugal              3.7 %

Spain                 3.3 %

Canada                3.0 %

Republic of Korea     2.9 %

Hungary               2.5 %

Malaysia              1.9 %

Singapore             1.7 %

Cash & Net Assets     0.8 %


Total               100.0 %