Portfolio Update

Premier Energy and Water Trust PLC announces that at close of business on 31
July 2014 its ten largest investments were as follows:

                                  % of total assets

OPG Power Ventures                       9.5
Renewable Energy Generation              6.3
China Power Intl. Develop                3.9
Huaneng Power International              3.8
Fortune Oil                              3.6
Ecofin Water & Power Conv 6.00%          3.6
GDF Suez                                 3.2
SSE                                      3.2
Tenaga Nasional Berhad                   3.2
Enersis                                  3.1

At close of business on 31 July 2014 the total net assets of Premier Energy and
Water Trust PLC amounted to £77 million. The sector breakdown and geographical
allocation were as follows:

Sector Breakdown:

Electricity                           49.6 %
Multi Utilities                       21.7 %
Water & Waste                          7.8 %
Gas                                    7.0 %
Cash/Net Current Assets                2.3 %
Renewable Energy                      11.6 %

Total                                100.0 %

Geographical Allocation:

Europe (excluding UK)                  6.3 %
China                                 20.8 %
North America                          9.1 %
Global                                 9.0 %
Asia (excluding China)                17.4 %
United Kingdom                        16.5 %
Latin America                         11.8 %
Cash/Net Current Assets                2.3 %
Australasia                            1.3 %
Eastern Europe                         2.8 %
Middle East                            2.7 %