Issue of Equity

Jupiter European Opportunities Trust PLC

Issue of Equity

The Company announces the allotment on 20th July 2007 of 200,000 Ordinary
shares of 1 pence each under its block listing facility. This represents 0.25
per cent. of the Ordinary shares previously in issue.

The shares were issued for cash at a price of 233.00 pence per Ordinary share.
The diluted net asset value per Ordinary share as at the close of business on
17th July 2007 was 231.30p pence per share.

A further 7,366,471 shares are available for issue under the Company's current
block listing facility.

The issued share capital of the Company now comprises 81,364,723 Ordinary
shares. This figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest in the Company, or a change to their interest in the Company, under
the FSA's Disclosure and Transparency Rules.

For further information please contact:

Richard Pavry 

Director, Investment Trusts

Jupiter Asset Management Limited

[e-mail]

020 7314 4822

Jenny Thompson

Company Secretary

Jupiter Asset Management Limited

[e-mail]

020 7314 5565