Correction: Net Asset Value(s)

The Company wishes to correct the Net Asset Value announcement made earlier
today, the announcement should have read as follows:

The Company announces that the unaudited estimate of the total assets of
Jupiter Second Enhanced Income Trust PLC as at the close of business on 30th
June 2007 was 89.932 million (including the net asset value attributable to the
Zero Dividend Preference shares). The net asset values of the various classes
of shares are estimated to have been:

                                        Net Asset Value/Share (p)              
                                                                               
Geared Income Shares                    72.08                                  
                                                                               
Zero Dividend Preference Shares         71.07                                  
                                                                               
Packaged Units                          143.15                                 

Monthly fact sheets for Jupiter's investment trust clients are available for
download from www.jupiteronline.co.uk and by post or fax on request from the
company secretarial department.

Enquiries:

Jonathan McGuire

Company Secretarial Department

Jupiter Asset Management Limited