Portfolio Update

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

                              % of total assets

OPG Power Ventures                    7.1
China Suntien Green Energy            6.0
China Everbright Intl.                5.6
Essar Energy PLC*                     4.2
Qatar Electricity & Water Co.         3.9
Enersis                               3.8
Ecofin Water & Power Conv 6.00%**     3.7
National Grid                         3.6
GDF Suez                              3.3
Huaneng Renewables                    3.2

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


At close of business on 30 June 2013 the total net assets of Premier Energy and
Water Trust PLC amounted to £68 million. The sector breakdown and geographical
allocation were as follows:

Sector Breakdown:

Electricity                        45.8 %
Multi Utilities                    24.8 %
Water & Waste                      10.4 %
Gas                                 9.6 %
Cash/Net Current Assets             2.1 %
Renewable Energy                    6.2 %
Infrastructure                      1.1 %

Total                             100.0 %


Geographical Allocation:

Europe (excluding UK)               9.0 %
China                              27.0 %
North America                       7.9 %
Global                              7.1 %
Asia (excluding China)             18.4 %
United Kingdom                     12.8 %
Latin America                       8.5 %
Cash/Net Current Assets             2.1 %
Australasia                         1.1 %
Eastern Europe                      2.0 %
Middle East                         4.0 %