Premier Energy and Water Trust PLC announce that at close of business on 31 May
    2017 its twenty largest investments were as follows:           

                                Company                                   % of
                                                                     total net
                                                                        assets
                                                                              
    SSE PLC                                                               5.7%
                                                                              
    OPG Power Ventures                                                    5.3%
                                                                              
    Beijing Enterprises Holdings                                          4.9%
                                                                              
    First Trust MLP and Energy Income Fund                                4.8%
                                                                              
    Cia de Saneamento do Para                                             4.6%
                                                                              
    China Everbright Intl.                                                4.5%
                                                                              
    Huaneng Renewables                                                    4.3%
                                                                              
    Pennon Group                                                          4.1%
                                                                              
    Avangrid                                                              4.0%
                                                                              
    Transelectrica                                                        3.2%
                                                                              
    Transgaz                                                              2.8%
                                                                              
    Qatar Electricity & Water Co.                                         2.7%
                                                                              
    Saeta Yield                                                           2.7%
                                                                              
    Edison International                                                  2.5%
                                                                              
    Cia Paranaense Energia ADR                                            2.5%
                                                                              
    Nextera Energy                                                        2.2%
                                                                              
    Engie                                                                 2.2%
                                                                              
    Iberdrola                                                             2.1%
                                                                              
    Keppel Infrastructure Trust                                           2.0%
                                                                              
    China Power Intl. Develop                                             2.0%

                                                                      
                                                                                
         At close of business on 31 May 2017 the total net assets of Premier Energy
    and Water Trust PLC amounted to £58.8 million. The sector breakdown and
    geographical allocation were as follows:

    Sector Breakdown                                                      % of
                                                                     total net
                                                                        assets
                                                                              
    Electricity                                                          34.1%
                                                                              
    Multi Utilities                                                      23.4%
                                                                              
    Renewable Energy                                                     12.6%
                                                                              
    Water & Waste                                                        15.2%
                                                                              
    Gas                                                                  11.6%
                                                                              
    Toll Roads                                                            0.7%
                                                                              
    Cash/Net Current Assets                                               2.4%
                                                                              
                                                                        100.0%

       

    Geographical Allocation                                               % of
                                                                     total net
                                                                        assets
                                                                              
    North America                                                        21.6%
                                                                              
    China                                                                17.4%
                                                                              
    Latin America                                                        10.3%
                                                                              
    United Kingdom                                                       10.4%
                                                                              
    Global                                                                3.8%
                                                                              
    India                                                                 7.0%
                                                                              
    Europe (excluding UK)                                                14.4%
                                                                              
    Eastern Europe                                                        5.9%
                                                                              
    Asia (excluding China)                                                4.1%
                                                                              
    Middle East                                                           2.7%
                                                                              
    Cash/Net Current Assets                                               2.4%
                                                                              
                                                                        100.0%