20 November 2015

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

                               Publication of Prospectus                           

    Further to the announcement released earlier today by PEWT Securities plc, the
    Company is pleased to announce that its wholly owned subsidiary, PEWT
    Securities 2020 plc, has today published a Prospectus, which has been approved
    by the UK Listing Authority, in connection with:

      * the issue of New ZDP Shares at an issue price of 100p per New ZDP Share in
        connection with a scheme of reconstruction of PEWT Securities plc (the
        "Scheme") and a Placing; and
      * a Placing Programme of New ZDP Shares.

    The Proposals are conditional upon, among other things, the Scheme becoming
    effective. The Scheme Effective Date is expected to be on or around 31 December
    2015 and Admission is expected to occur on or around 4 January 2016.

    A copy of the Prospectus will be submitted to the National Storage Mechanism
    and will shortly be available for inspection at: http://www.morningstar.co.uk/
    uk/NSM and on the Company's website: https://www.premierfunds.co.uk/investors/
    investments/investment-trusts/premier-energy-and-water-trust.

    Capitalised terms used but not defined in this announcement have the meanings
    set out in the Prospectus dated 20 November 2015.

                                      -The End -                                   

    Enquiries:

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