Portfolio Update

Premier Energy and Water Trust PLC announces that as at 30 June 2011 its ten
largest investments were as follows :

                          % of total assets

Snam Rete Gas                   4.23
Suez Environnement              3.37
Veolia                          3.30
Calpine                         3.12
Guangdong Inv.                  2.68
Sound Global                    2.50
GDF Suez                        2.47
China Resources Power           2.43
Enbridge                        2.32
China Water Affairs             2.24

At 30 June 2011 the total net assets of Premier Energy and Water Trust PLC
amounted to £64.5 million.The sector breakdown and geographical allocation were
as follows :

Sector Breakdown :

Electricity                    43.8 %
Water                          31.7 %
Gas                            13.7 %
Infrastructure                  8.3 %
Cash & Net Assets               2.5 %
Total                         100.0 %

Geographical Allocation :

USA                            21.8 %
China / Hong Kong              17.4 %
United Kingdom                 11.3 %
France                         11.2 %
Australia                       6.7 %
Italy                           6.1 %
Thailand                        5.5 %
Canada                          4.7 %
Singapore                       2.5 %
Czech Rep                       2.0 %
Finland                         1.9 %
Spain                           1.4 %
Korea                           1.3 %
Germany                         1.0 %
Malaysia                        1.0 %
Qatar                           0.9 %
Austria                         0.8 %
Cash & Net Assets               2.5 %
Total                         100.0 %