28 July 2015

                  Premier Energy and Water Trust PLC (the "Company")               

                           Further issue of ordinary shares                        

    The Company announces that it has today allotted and issued, conditional only
    on admission, by way of a tap issue in response to market demand, 400,000 new
    ordinary shares of 1 pence each par value for cash, at a price of 169.75 pence
    per share (the "New Shares"). The New Shares will rank pari passu with the
    existing ordinary shares and dealings in the New Shares are expected to
    commence on 3 August 2015. Application has been made for the New Shares to be
    admitted to the premium listing segment of the Official List and to trading on
    the Main Market of the London Stock Exchange.

    The above shares were issued pursuant to a resolution approved at an Annual
    General Meeting of Premier Energy and Water Trust PLC held on 21 April 2015
    which permitted the allotment provided that (i) such issue is simultaneous with
    an issue of new zero dividend preference shares by PEWT Securities PLC ("new
    ZDP Shares") and (ii) the combined effect of the issue of Ordinary Shares and
    the issue of New ZDP Shares  is that the net asset value per Ordinary Share  is
    thereby increased.

    Following the issue of the ordinary shares, the issued share capital will
    consist of 18,088,480 ordinary shares.

    The above figure of 18,088,480 may be used by shareholders as the denominator
    by which they will determine if they are required to notify their interest in,
    or change of their interest, in Premier Energy and Water Trust PLC under the
    FCA's Disclosure and Transparency Rules.

                                         -end-                                     

                                      Enquiries:                                   

    Premier Fund Managers Limited                                                
    Nigel Sidebottom                       + 44 (0) 1483 30 60 90                
    James Smith                                                                  
    Claire Long                                                                  
                                                                                 
    N+1 Singer                                                                   
    James Maxwell                          + 44 (0) 20 7496 3000                 
    Liz Yong                                                                     
    Tom Smale