Portfolio Update

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

                      % of total assets

E.ON                        5.23
GDF Suez                    4.34
FPL Group                   4.34
Snam Rete Gas               4.19
Public Power                4.19
Veolia                      3.74
UIL Holdings                3.52
National Grid               3.23
Aqua America                2.95
Northeast Utilities         2.94


At 31 August 2009 the total net assets of Premier Energy and Water Trust PLC amounted
to £59.6 million.The sector breakdown and geographical allocation were as follows :

Sector Breakdown :

Electricity                 61.8 %
Water                       18.4 %
Gas                          9.4 %
Infrastructure               6.0 %
Cash & Net Assets            4.4 %

Total                      100.0 %


Geographical Allocation :

USA                         22.5 %
United Kingdom              18.0 %
France                      11.5 %
China / Hong Kong            9.4 %
Italy                        8.0 %
Germany                      5.2 %
Greece                       4.2 %
Spain                        3.7 %
Thailand                     3.4 %
Singapore                    2.2 %
Portugal                     1.8 %
Japan                        1.6 %
India                        1.6 %
Malaysia                     1.4 %
Brazil                       1.1 %
Cash & Net Assets            4.4 %

Total                      100.0 %