Portfolio Update

Premier Energy and Water Trust PLC announces that at close of business on
28 February 2015 its ten largest investments were as follows:

                              % of total assets

OPG Power Ventures                          9.1

China Power Intl. Develop                   6.1

Renewable Energy Generation                 5.8

Huaneng Power International                 3.8

Fortune Oil                                 3.6

GDF Suez                                    3.4

Ecofin Water & Power Conv 6.00%             3.3

Enersis                                     3.3

China Everbright Intl.                      3.2

First Trust MLP and Energy                  3.1


At close of business on 28 February 2015 the total net assets of Premier Energy
and Water Trust PLC amounted to £77.9million. The sector breakdown and
geographical allocation were as follows:


Sector Breakdown:

Electricity                 48.8%

Multi Utilities              0.5%

Water & Waste                5.9%

Gas                          8.4%

Cash/Net Current Assets      3.3%

Renewable Energy            13.1%


Total                      100.0%



Geographical Allocation:

Europe (excluding UK)        6.2%

China                       23.3%

North America               10.0%

Global                       6.8%

Asia (excluding China)      17.7%

United Kingdom              14.6%

Latin America                8.3%

Cash/Net Current Assets      3.3%

Australasia                  1.2%

Eastern Europe               5.6%

Middle East                  3.0%