NAV and Portfolio Update

Premier Utilities Trust PLC
3 May 2005


The Net Asset Values of Premier Utilities Trust PLC at the 30th April 2005 are
as follows:

          Ordinary Shares                          131.53p

          Zero Dividend Preference Shares          110.66p

In accordance with listing Rule 21.20 (L)(ii), Premier Utilities Trust PLC
announces that as at 30 April 2005 the following companies have a 
 value greater 
that 5% of the Company's portfolio:

                                          % of portfolio
                                          --------------

International Power                             7.03
Veolia Environment                              6.80
AWG                                             6.00
Verbund                                         5.76
Clean Power Inc. Trust                          5.61
Scottish Southern Energy                        5.61
BT Group                                        5.51
Pennon Group                                    5.51
France Telecom                                  5.37
RWE                                             5.31
Telecom Italia                                  5.29
Enel                                            5.25


                      This information is provided by RNS
            The company news service from the London Stock Exchange