Portfolio Update

Premier Energy and Water Trust PLC announces that as at 31 July 2009 its ten
largest investments were as follows :

                               % of total assets

Scottish & Southern Energy           5.35
E.ON                                 4.71
FPL Group                            4.43
Snam Rete Gas                        4.00
GDF Suez                             3.96
Pennon                               3.93
Public Power                         3.84
Veolia                               3.74
UIL Holdings                         3.35
Aqua America                         3.20


At 31 July 2009 the total net assets of Premier Energy and Water Trust PLC
amounted to £57.9 million.The sector breakdown and geographical allocation were
as follows :

Sector Breakdown :

Electricity                         61.1 %
Water                               19.8 %
Gas                                  9.3 %
Infrastructure                       5.4 %
Cash & Net Assets                    4.4 %

Total                              100.0 %


Geographical Allocation :

United Kingdom                      22.6 %
USA                                 21.8 %
France                              11.0 %
China / Hong Kong                    8.5 %
Italy                                7.3 %
Germany                              4.7 %
Greece                               3.8 %
Spain                                3.5 %
Thailand                             3.2 %
Singapore                            2.3 %
India                                1.7 %
Portugal                             1.6 %
Japan                                1.6 %
Brazil                               1.1 %
Malaysia                             0.9 %
Cash & Net Assets                    4.4 %

Total                              100.0 %