Portfolio Update

Premier Energy & Water Trust PLC (formerly Premier Utilities Trust PLC)
announces that as at 31 July 2008 its ten largest investments were as follows :

                             % of total assets

E.ON                               5.96

ENEL                               5.20

Scottish & Southern Energy         4.73

Centrica                           4.68

Veolia                             4.33

EDF                                4.23

Gaz de France                      3.73

RWE                                3.26

United Utilities                   3.25

BT Group                           3.14

At 31 July 2008 the total net assets of Premier Energy & Water Trust PLC
amounted to £65.1 million.The sector breakdown and geographical breakdown were
as follows :

Sector Breakdown :

Electricity                       47.7 %
Water                             13.6 %
Telecoms                          10.4 %
Infrastructure                     9.4 %
Gas                                8.4 %
Cash & Net Assets                 10.5 %

Total                            100.0 %


Geographical Allocation :

United Kingdom                    29.3 %
France                            12.7 %
Germany                            9.2 %
USA                                7.3 %
Italy                              6.5 %
China / Hong Kong                  4.7 %
Spain                              4.7 %
Thailand                           4.2 %
Malaysia                           3.6 %
Singapore                          3.0 %
Australia                          1.7 %
India                              1.5 %
Japan                              1.1 %
Cash & Net Assets                 10.5 %

Total                            100.0 %