Portfolio Update

Premier Energy and Water Trust PLC announces that at close of business on 31
August 2013 its ten largest investments were as follows:

                                     % of total assets

OPG Power Ventures                         5.6
China Everbright Intl.                     5.6
Fortune Oil                                4.7
China Suntien Green Energy                 4.6
Qatar Electricity & Water Co.              4.0
Ecofin Water & Power Conv 6.00%**          3.9
National Grid                              3.8
Enersis                                    3.7
GDF Suez                                   3.7
Essar Energy PLC*                          3.5

* Holding in both convertible bond and equity
** Holding in convertible bonds

At close of business on 31 August 2013 the total net assets of Premier Energy
and Water Trust PLC amounted to £66 million. The sector breakdown and
geographical allocation were as follows:

Sector Breakdown:

Electricity                             42.4 %
Multi Utilities                         24.6 %
Water & Waste                           11.7 %
Gas                                     11.5 %
Cash/Net Current Assets                  3.3 %
Renewable Energy                         5.6 %
Infrastructure                           0.9 %

Total                                  100.0 %


Geographical Allocation:

Europe (excluding UK)                    9.9 %
China                                   26.0 %
North America                            7.8 %
Global                                   7.6 %
Asia (excluding China)                  15.4 %
United Kingdom                          14.1 %
Latin America                            8.8 %
Cash/Net Current Assets                  3.3 %
Australasia                              1.1 %
Eastern Europe                           2.0 %
Middle East                              4.0 %