Portfolio Update

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

% of total assets

GDF Suez 6.5

Ecofin Water & Power 4.3

National Grid 4.2

China Everbright Intl. 3.6

Centrica PLC 3.5

E.ON AG 3.3

Qatar Electricity & Water Co. 2.9

Thai Tap Water NVDR 2.7

Electricity Generating PCL-NVDR 2.6

UIL Holdings 2.6

At close of business on 31 August 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 39.3 %

Multi Utilities 27.4 %

Water & Waste 17.4 %

Gas 4.6 %

Cash/Net Current Assets 6.3 %

Renewable Energy 2.6 %

Transportation In 2.4 %

Total 100.0 %

Geographical Allocation :

Europe (excluding UK) 14.3 %

China 17.6 %

North America 11.6 %

Global 10.9 %

Asia (excluding China) 14.4 %

United Kingdom 13.5 %

Latin America 4.4 %

Cash/Net Current Assets 6.3 %

Australasia 1.3 %

Eastern Europe 2.8 %

Middle East 2.9 %