Portfolio Update

Premier Energy and Water Trust PLC announces that at close of business on 30
September 2013 its ten largest investments were as follows:

                                         % of total assets

OPG Power Ventures                              6.0
Fortune Oil                                     5.2
China Everbright Intl.                          4.9
China Suntien Green Energy                      4.4
GDF Suez                                        4.1
Ecofin Water & Power Conv 6.00%**               3.9
Qatar Electricity & Water Co.                   3.8
National Grid                                   3.7
Enersis                                         3.6
Essar Energy PLC*                               3.4

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


At close of business on 30 September 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                      43.1 %
Multi Utilities                  24.3 %
Water & Waste                    11.6 %
Gas                              12.0 %
Cash/Net Current Assets           2.4 %
Renewable Energy                  5.9 %
Infrastructure                    0.7 %
Total                           100.0 %


Geographical Allocation:

Europe (excluding UK)            10.2 %
China                            25.2 %
North America                     7.8 %
Global                            7.9 %
Asia (excluding China)           15.7 %
United Kingdom                   13.9 %
Latin America                     9.7 %
Cash/Net Current Assets           2.4 %
Australasia                       1.1 %
Eastern Europe                    2.3 %
Middle East                       3.8 %