Portfolio Update

Premier Energy and Water Trust PLC announces that at close of business on 31
July 2012 its ten largest investments were as follows:

% of total assets

GDF Suez 6.1

Ecofin Water & Power 4.4

National Grid 4.2

E.ON AG 3.2

Qatar Electricity & Water Co. 3.0

UIL Holdings 2.8

Thai Tap Water NVDR 2.8

Centrica PLC 2.7

Essar Energy Invest 2.6

China Everbright Intl. 2.6

At close of business on 31 July 2012 the total net assets of Premier Energy and
Water Trust PLC amounted to £58 million. The sector breakdown and geographical
allocation were as follows:

Sector Breakdown :

Electricity 39.2 %

Water & Waste 18.2 %

Gas 4.4 %

Multi Utilities 25.7 %

Renewable Energy 2.6 %

Transportation In 2.7%

Cash & Net Assets 7.2 %

Total 100.0 %

Geographical Allocation :

Asia (excluding China) 14.5 %

China 17.3 %

Europe (excluding UK) 14.1 %

Global 10.6 %

Latin America 4.9 %

Middle East 3.0 %

North America 13.5 %

United kingdom 11.5 %

Australasia 1.3 %

Eastern Europe 1.9 %

Cash/Current Assets 7.4 %