Portfolio Update

Premier Utilities Trust PLC
2 March 2004


In accordance with listing Rule 21.20 (L)(ii), Premier Utilities Trust plc 
announces that as at 29 February 2004 the ten largest investments were as 
follows:

                                        % of portfolio

Scottish Power                                5.86 
National Grid Transco                         5.84 
BT                                            5.43 
Enel                                          5.33 
AWG                                           5.29 
Scottish Southern Energy                      5.25 
Viridian                                      5.19 
Duquesne Light Holdings                       4.94 
DTE Energy                                    4.74
BAA                                           4.70 


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