Portfolio Update

In accordance with listing Rule 21.20 (L) (ii), Premier Utilities Trust PLC
announces that as at 31 March 2007 its ten largest investments were as follows :

                             % of total assets

NRG Energy                         6.60

RWE ag                             4.65

CEZ                                4.61

National Grid                      4.55

E.ON                               4.45

Datang Int'l                       4.36

Veolia                             4.25

ENEL                               4.11

Severn Trent                       4.10

Telecom Corp NZ                    3.83


At 31 March 2007 the total net assets of Premier Utilities Trust PLC amounted
to £62.3 million.The sector breakdown and geographical breakdown were as
follows :

Sector Breakdown :

Electricity                        53.9 %

Water                              14.1 %

Telecoms                           12.0 %

Gas                                 9.8 %

Infrastructure                      8.4 %

Cash & Net Assets                   1.8 %

Total                             100.0 %


Geographical Allocation :

United Kingdom                     21.6 %

USA                                12.5 %

Italy                              12.3 %

France                             10.1 %

Germany                             9.1 %

China / Hong Kong                   8.9 %

Czech Rep                           4.6 %

New Zealand                         3.8 %

Finland                             3.8 %

Spain                               3.2 %

Canada                              2.7 %

Hungary                             2.5 %

Republic of Korea                   2.5 %

Greece                              0.6 %

Cash & Net Assets                   1.8 %

Total                             100.0 %