Portfolio Update

Premier Energy and Water Trust PLC announces that at close of business on 30
September 2012 its ten largest investments were as follows:

% of total assets

GDF Suez 5.9

Ecofin Water & Power 4.5

National Grid 4.3

China Everbright Intl. 4.2

Centrica PLC 3.6

China Suntien Green Energy 3.5

E.ON AG 3.4

SSE PLC 3.2

Qatar Electricity & Water Co. 2.9

Electricity Generating PCL-NVDR 2.9

At close of business on 30 September 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 43.9 %

Multi Utilities 27.6 %

Water & Waste 15.2 %

Gas 4.9 %

Cash/Net Current Assets 3.1 %

Renewable Energy 2.8 %

Transportation In 2.5 %

Total 100.0 %

Geographical Allocation :

Europe (excluding UK) 15.1 %

China 20.2 %

North America 11.8 %

Global 10.5 %

Asia (excluding China) 14.7 %

United Kingdom 14.7 %

Latin America 2.9 %

Cash/Net Current Assets 3.1 %

Australasia 1.3 %

Eastern Europe 2.8 %

Middle East 2.9 %