PMGR Premier Miton Global Renewables Trust Plc

13 May 2015

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

                       Further issue of ordinary shares

The Company announces that it has today allotted and issued, conditional only on
admission, by way of a tap issue in response to market demand, 310,000 new
ordinary shares of 1 pence each par value for cash, at a price of 191.75 pence
per share (the "New Shares"). The New Shares will rank pari passu with the
existing ordinary shares and dealings in the New Shares are expected to
commence on 19 May 2015. Application has been made for the New Shares to be
admitted to the premium listing segment of the Official List and to trading on
the Main Market of the London Stock Exchange.

The above shares were issued pursuant to a resolution approved at an Annual
General Meeting of Premier Energy and Water Trust PLC held on 21 April 2015
which permitted the allotment provided that (i) such issue is simultaneous with
an issue of new zero dividend preference shares by PEWT Securities PLC ("new
ZDP Shares") and (ii) the combined effect of the issue of Ordinary Shares at a
discount to the prevailing net asset value per Ordinary Share and the issue of
New ZDP Shares at a premium to net asset value per New ZDP Share is that the
net asset value per Ordinary Share is that the net asset value per Ordinary
Share is thereby increased.

Following the issue of the ordinary shares, the issued share capital will
consist of 17,688,480 ordinary shares.

The above figure of 17,688,480 may be used by shareholders as the denominator
by which they will determine if they are required to notify their interest in,
or change of their interest, in Premier Energy and Water Trust PLC under the
FCA's Disclosure and Transparency Rules.

                                     -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
Tom Smale