Portfolio Update

Premier Utilities Trust PLC announces that as at 31 December 2007 its ten
largest investments were as follows :

                              % of total assets

NRG Energy                          6.50

E.ON                                5.74

RWE                                 5.11

BT Group                            4.28

Centrica                            4.03

Telefonica                          3.92

United Utilities                    3.86

ENEL                                3.75

Suez                                3.66

China Power New Energy              2.98

At 31 December 2007 the total net assets of Premier Utilities Trust PLC
amounted to £74.8 million.The sector breakdown and geographical breakdown were
as follows :

Sector Breakdown :

Electricity                        48.6 %
Telecoms                           15.5 %
Water                              12.7 %
Gas                                11.5 %
Infrastructure                      7.6 %
Cash & Net Assets                   4.1 %

Total                             100.0 %


Geographical Allocation :

United Kingdom                     25.8 %
USA                                22.8 %
Germany                            10.9 %
Italy                               8.5 %
China / Hong Kong                   6.1 %
Spain                               4.2 %
Malaysia                            3.9 %
France                              3.7 %
Korea                               2.1 %
Australia                           1.8 %
Czech Rep                           1.4 %
India                               1.3 %
New Zealand                         1.2 %
Singapore                           1.1 %
Canada                              1.1 %
Cash & Net Assets                   4.1 %

Total                             100.0 %