Portfolio Update

Premier Energy and Water Trust PLC announces that at close of business on 31
March 2015 its ten largest investments were as follows:

                           % of total assets

OPG Power Ventures                       8.8
China Power Intl. Develop                6.4
Renewable Energy Generation              5.7
China Everbright Intl.                   4.0
Huaneng Power International              3.7
Enersis                                  3.4
Ecofin Water & Power Conv 6.00%          3.3
Qatar Electricity & Power                3.2
GDF Suez                                 3.2
National Grid                            3.1


At close of business on 31 March 2015 the total net assets of Premier Energy
and Water Trust PLC amounted to £77.6 million. The sector breakdown and
geographical allocation were as follows:

Sector Breakdown:

Electricity                          51.0 %
Multi Utilities                      22.2 %
Water & Waste                         6.8 %
Gas                                   4.5 %
Cash/Net Current Assets               2.1 %
Renewable Energy                     13.4 %

Total                               100.0 %


Geographical Allocation:

Europe (excluding UK)                 5.5 %
China                                21.8 %
North America                        12.7 %
Global                                6.5 %
Asia (excluding China)               17.1 %
United Kingdom                       15.8 %
Latin America                         8.5 %
Cash/Net Current Assets               2.1 %
Australasia                           1.3 %
Eastern Europe                        5.5 %
Middle East                           3.2 %