PEWZ Pewt Sec. Zdp

The Net Asset Values per share (at bid-market values) of Premier Energy and Water Trust PLC and PEWT Securities PLC at close of business on 18 December 2015 calculated in accordance with the Articles of Association of the Company are as follows:

The above Net Asset Value has been calculated based on the number of shares in issue as at the above date, being 18,088,480 Premier Energy and Water Trust PLC Ordinary Shares and 22,446,099 PEWT Securities PLC Zero Dividend Preference Shares.

Total assets less current liabilities as at the above date were £74.6 million. This amount excludes the liability for the repayment of PEWT Securities PLC Zero Dividend Preference Shares on their final redemption date of 31 December 2015. The portfolio has been valued using bid prices.

Net asset attributable to holders of Premier Energy and Water Trust PLC Ordinary Shares at the above date were £24.9 million.

The costs of the transaction involving the winding up of PEWT Securities and the issue of a New Zero Dividend Preference shares through PEWT Securities 2020 were estimated in the Prospectus at £484,000.  The board now expect the actual costs to come in at less than this figure. Some costs have already been incurred and are included in the NAV calculations. Now that the new ZDPs have been fully subscribed up to the Maximum Issue Size and the First EGM resolutions have been approved the balance of expected costs will be accrued for in NAV calculations with effect from the NAV calculation for Friday 18 December 2015.