Net Asset Value(s)

The Net Asset Values per share (at bid-market values) of Premier Energy and Water Trust 
PLC and PEWT Securities PLC at close of business on 18 June 2015 calculated in accordance 
with the Articles of Association of the Company are as follows:


Premier Energy and Water Trust PLC  Ordinary Shares – ex income    174.87p

Premier Energy and Water Trust PLC  Ordinary Shares – cum income   178.44p

PEWT Securities PLC                 Zero Dividend Preference Shares	
                                    – accrued capital entitlement  214.37p


The above Net Asset Value has been calculated based on the number of shares in issue 
as at the above date, being 17,688,480 Premier Energy and Water Trust PLC Ordinary Shares 
and 21,949,735 PEWT Securities PLC Zero Dividend Preference Shares.

Total assets less current liabilities as at the above date were £78.6 million. This amount 
excludes the liability for the repayment of PEWT Securities PLC Zero Dividend Preference 
Shares on their final redemption date of 31 December 2015. The portfolio has been valued 
using bid prices.

Net asset attributable to holders of Premier Energy and Water Trust PLC Ordinary Shares 
at the above date were £31.6 million.