Portfolio Update

Premier Energy and Water Trust PLC announces that at close of business on 31
October 2013 its ten largest investments were as follows:

                             % of total assets

OPG Power Ventures                  5.8
China Everbright Intl.              5.1
China Suntien Green Energy          4.7
Kunlun Energy                       4.3
GDF Suez                            3.9
Fortune Oil                         3.8
National Grid                       3.7
Ecofin Water & Power Conv 6.00%*    3.7
Enersis                             3.5
EDF                                 3.4

* Holding in convertible bonds

At close of business on 31 October 2013 the total net assets of Premier Energy
and Water Trust PLC amounted to £70 million. The sector breakdown and
geographical allocation were as follows:

Sector Breakdown:

Electricity                      43.4 %
Multi Utilities                  21.6 %
Water & Waste                    12.7 %
Gas                              12.0 %
Cash/Net Current Assets           2.9 %
Renewable Energy                  6.6 %
Infrastructure                    0.8 %
Total                           100.0 %

Geographical Allocation:

Europe (excluding UK)            10.2 %
China                            25.6 %
North America                     7.7 %
Global                            7.5 %
Asia (excluding China)           15.6 %
United Kingdom                   14.2 %
Latin America                    10.0 %
Cash/Net Current Assets           2.9 %
Australasia                       0.9 %
Eastern Europe                    2.4 %
Middle East                       3.0 %