Portfolio Update

Premier Utilities Trust PLC announces that as at 30 April 2008 its ten largest
investments were as follows :

                         % of total assets

E.ON                           6.01

Suez                           4.16

BT Group                       3.80

ENEL                           3.74

Centrica                       3.59

Telefonica                     3.22

United Utilities               3.13

RWE                            2.95

Embarq                         2.68

Williams Co.                   2.60


At 30 April 2008 the total net assets of Premier Utilities Trust PLC amounted
to £68.8 million.The sector breakdown and geographical breakdown were as
follows :

Sector Breakdown :

Electricity                   43.3 %
Telecoms                      16.2 %
Water                         11.5 %
Infrastructure                 8.7 %
Gas                            7.3 %
Cash & Net Assets             13.0 %

Total                        100.0 %


Geographical Allocation :

United Kingdom                23.4 %
USA                           12.7 %
Germany                        9.0 %
France                         6.6 %
Italy                          6.1 %
China / Hong Kong              5.2 %
Spain                          5.1 %
Thailand                       4.1 %
Malaysia                       3.4 %
Australia                      2.1 %
Finland                        2.1 %
Korea                          1.8 %
Singapore                      1.7 %
India                          1.5 %
New Zealand                    1.1 %
Canada                         1.1 %
Cash & Net Assets             13.0 %

Total                        100.0 %