Premier Energy and Water Trust PLC announces that at close of business on 30
    November 2015 its twenty largest investments were as follows:
                                 

                                            % of total
                                                assets
                                                      
    OPG Power Ventures                             8.0
                                                      
    Renewable Energy Generation                    4.8
                                                      
    China Power Intl. Develop                      4.2
                                                      
    National Grid                                  3.5
                                                      
    Nextera Energy                                 3.3
                                                      
    Beijing Enterprises Holdings                   3.2
                                                      
    SSE PLC                                        3.2
                                                      
    First Trust MLP and Energy Income              3.0
    Fund                                              
                                                      
    iShares Global Utilities ETF                   2.9
                                                      
    China Everbright Intl.                         2.8
                                                      
    Engie                                          2.6
                                                      
    EDP - Energias do Brasil                       2.5
                                                      
    Greenko Group Ord and 8% Bond*                 2.5
                                                      
    Pennon Group                                   2.4
                                                      
    Qatar Electricity & Water                      2.3
                                                      
    Enersis                                        2.2
                                                      
    ACEA                                           1.8
                                                      
    TerraForm Global 9.75% Bond 15/08/             1.8
    2022*                                             
                                                      
    Tenaga Nasional Berhad                         1.8
                                                      
    Transelectrica                                 1.7

    * Holding in both convertible bond and equity

    At close of business on 30 November 2015 the total net assets of Premier Energy
    and Water Trust PLC amounted to £75.6 million. The sector breakdown and
    geographical allocation were as follows:

    Sector Breakdown:                                     
                                                          
    Electricity                                     45.00%
                                                          
    Multi Utilities                                 16.40%
                                                          
    Water & Waste                                    7.90%
                                                          
    Gas                                              5.10%
                                                          
    Cash/Net Current Assets                         14.30%
                                                          
    Renewable Energy                                10.90%
                                                          
    Index Options                                    0.40%
                                                          
    Total                                          100.00%
                                                          
    Geographical Allocation:                              
                                                          
    Europe (excluding UK)                            4.30%
                                                          
    China                                           15.00%
                                                          
    North America                                   14.70%
                                                          
    Global                                           7.40%
                                                          
    Asia (excluding China)                          15.50%
                                                          
    United Kingdom                                  16.10%
                                                          
    Latin America                                    6.10%
                                                          
    Cash/Net Current Assets                         14.30%
                                                          
    Eastern Europe                                   3.90%
                                                          
    Middle East                                      2.30%
                                                          
    Index                                            0.40%
    Options