Premier Energy and Water Trust PLC announce that at close of business on 30
    April 2017 its twenty largest investments were as follows:           

                                Company                                   % of
                                                                     total net
                                                                        assets
                                                                              
    OPG Power Ventures                                                    5.8%
                                                                              
    SSE PLC                                                               5.3%
                                                                              
    Beijing Enterprises Holdings                                          5.1%
                                                                              
    First Trust MLP and Energy Income Fund                                5.0%
                                                                              
    China Everbright Intl.                                                4.8%
                                                                              
    Huaneng Renewables                                                    4.6%
                                                                              
    Cia de Saneamento do Para                                             4.5%
                                                                              
    Avangrid                                                              3.8%
                                                                              
    Pennon Group                                                          3.6%
                                                                              
    Hafslund                                                              3.1%
                                                                              
    Transelectrica                                                        3.0%
                                                                              
    Qatar Electricity & Water Co.                                         2.7%
                                                                              
    Cia Paranaense Energia ADR                                            2.7%
                                                                              
    Transgaz                                                              2.3%
                                                                              
    Nextera Energy                                                        2.1%
                                                                              
    Saeta Yield                                                           2.1%
                                                                              
    Engie                                                                 2.1%
                                                                              
    Edison International                                                  2.0%
                                                                              
    China Power Intl. Develop                                             1.9%
                                                                              
    Keppel Infrastructure Trust                                           1.9%


    At close of business on 30 April 2017 the total net assets of Premier Energy
    and Water Trust PLC amounted to £57.6 million. The sector breakdown and
    geographical allocation were as follows:

    Sector Breakdown                                                      % of
                                                                     total net
                                                                        assets
                                                                              
    Electricity                                                          33.7%
                                                                              
    Multi Utilities                                                      23.9%
                                                                              
    Renewable Energy                                                     11.8%
                                                                              
    Water & Waste                                                        14.7%
                                                                              
    Gas                                                                  10.7%
                                                                              
    Cash/Net Current Assets                                               5.2%
                                                                              
                                                                        100.0%

       

    Geographical Allocation                                               % of
                                                                     total net
                                                                        assets
                                                                              
    North America                                                        20.6%
                                                                              
    China                                                                17.6%
                                                                              
    Latin America                                                        10.4%
                                                                              
    United Kingdom                                                        9.5%
                                                                              
    Global                                                                3.3%
                                                                              
    India                                                                 7.6%
                                                                              
    Europe (excluding UK)                                                12.6%
                                                                              
    Eastern Europe                                                        5.2%
                                                                              
    Asia (excluding China)                                                5.3%
                                                                              
    Middle East                                                           2.7%
                                                                              
    Cash/Net Current Assets                                               5.2%
                                                                              
                                                                        100.0%