Premier Energy and Water Trust PLC announce that at close of business on 30
    December 2016 its twenty largest investments were as follows:     

                                Company                                   % of
                                                                     total net
                                                                        assets
                                                                              
    OPG Power Ventures                                                    7.8%
                                                                              
    SSE PLC                                                               5.9%
                                                                              
    TerraForm Global 9.75% Bond 15/08/2022                                5.3%
                                                                              
    First Trust MLP and Energy Income Fund                                5.3%
                                                                              
    Beijing Enterprises Holdings                                          5.1%
                                                                              
    China Power Intl. Develop                                             4.5%
                                                                              
    Cia de Saneamento do Para                                             4.5%
                                                                              
    Pattern Energy Conv 4% 15/7/2020                                      4.1%
                                                                              
    China Everbright Intl.                                                3.5%
                                                                              
    Avangrid                                                              3.4%
                                                                              
    Pennon Group                                                          3.3%
                                                                              
    Qatar Electricity & Water Co.                                         3.1%
                                                                              
    Huaneng Renewables                                                    3.1%
                                                                              
    Transelectrica                                                        2.8%
                                                                              
    Cia Paranaense Energia ADR                                            2.7%
                                                                              
    Hafslund                                                              2.5%
                                                                              
    Nextera Energy                                                        2.0%
                                                                              
    Engie                                                                 2.0%
                                                                              
    Edison International                                                  2.0%
                                                                              
    Keppel Infrastructure Trust                                           1.7%

    * Holding in both bond and equity

    At close of business on 30 December 2016 the total net assets of Premier Energy
    and Water Trust PLC amounted to £57.0 million. The sector breakdown and
    geographical allocation were as follows:

    Sector Breakdown                                                      % of
                                                                     total net
                                                                        assets
                                                                              
    Electricity                                                          36.9%
                                                                              
    Multi Utilities                                                      24.1%
                                                                              
    Renewable Energy                                                     15.8%
                                                                              
    Water & Waste                                                        12.5%
                                                                              
    Gas                                                                   8.7%
                                                                              
    Cash/Net Current Assets                                               2.0%
                                                                              
                                                                        100.0%

       

    Geographical Allocation                                               % of
                                                                     total net
                                                                        assets
                                                                              
    North America                                                        24.1%
                                                                              
    China                                                                17.6%
                                                                              
    Latin America                                                        10.1%
                                                                              
    United Kingdom                                                        9.8%
                                                                              
    Global                                                                8.4%
                                                                              
    India                                                                 8.2%
                                                                              
    Europe (excluding UK)                                                 7.5%
                                                                              
    Eastern Europe                                                        4.5%
                                                                              
    Asia (excluding China)                                                4.7%
                                                                              
    Middle East                                                           3.1%
                                                                              
    Cash/Net Current Assets                                               2.0%
                                                                              
                                                                        100.0%