Portfolio Update

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

                          % of total assets

OPG Power Ventures                      5.9

China Everbright Intl.                  5.6

China Suntien Green Energy              5.1

Kunlun Energy                           4.7

National Grid                           3.7

Ecofin Water & Power Conv 6.00%*        3.7

Fortune Oil                             3.6

EDF                                     3.6

GDF Suez                                3.5

Enersis                                 3.3

* Holding in convertible bonds

At close of business on 30 November 2013 the total net assets of Premier Energy
and Water Trust PLC amounted to £70 million. The sector breakdown and
geographical allocation were as follows:

Sector Breakdown:

Electricity                          42.2 %

Multi Utilities                      21.4 %

Water & Waste                        13.1 %

Gas                                  12.6 %

Cash/Net Current Assets               2.4 %

Renewable Energy                      7.6 %

Infrastructure                        0.7 %

Total                               100.0 %

Geographical Allocation:

Europe (excluding UK)                10.9 %

China                                26.8 %

North America                         7.5 %

Global                                7.2 %

Asia (excluding China)               15.5 %

United Kingdom                       14.3 %

Latin America                         9.4 %

Cash/Net Current Assets               2.4 %

Australasia                           0.8 %

Eastern Europe                        2.4 %

Middle East                           2.8 %