Publication of Prospectus

Jupiter Green Investment Trust PLC - Publication of Prospectus

The Board of Jupiter Green Investment Trust PLC is pleased to announce that it
will today publish a combined prospectus and circular to Shareholders in
relation to recommended proposals for a Placing and Offer for Subscription of
up to 75 million C Shares (with New Warrants attached on a one-for-five basis)
at an issue price of 100 pence per C Share (the "Prospectus").

Highlights

  * Recommended proposals for a C Share issue to raise up to £75 million,
    before expenses.
   
  * Placing and Offer for Subscription of C Shares to new investors and
    existing shareholders at a price of 100p per C share.
   
  * New Warrants to be issued, free of charge, on the basis of one New Warrant
    for every five C Shares subscribed under the Placing and Offer for
    Subscription.
   
  * Assets representing the Net Issue Proceeds will be accounted for and
    managed as a distinct pool of assets until the Conversion of the C Shares
    into Ordinary Shares.
   
  * Placing commitments and application forms under the Offer for Subscription
    to be received by 5.00 pm on Monday, 23 July.
   
  * Arbuthnot Securities Limited is acting as sponsor, broker and financial
    adviser to Jupiter Green.
   
For further information, please contact:

Richard Pavry

Director of Investment Trusts

Jupiter Asset Management Limited

[e-mail]

020 7314 4822

Alastair Moreton

Director, Corporate Finance

Arbuthnot Securities Limited

[e-mail]

020 7012 2000

Availability of the Prospectus

Jupiter Green Investment Trust PLC ("Jupiter Green" or the "Company") has today
submitted the Prospectus to the UK Listing Authority for approval. The
Prospectus will shortly be available for inspection at the Document Viewing
Facility of the Financial Services Authority, 25 The North Colonnade, Canary
Wharf, London E14 5HS and at the offices of Stephenson Harwood at One, St.
Paul's Churchyard, London EC4M 8SH.

The Prospectus will also be available for collection, free of charge, during
normal business hours on any weekday (excluding public holidays) from the
Company's registered office, 1 Grosvenor Place, London SW1X 7JJ. Copies are
also available on request by email from [e-mail] or by
telephone to 0845 30 60 100 or for download from www.jupiteronline.co.uk.

The Company has also today published its audited report and accounts for the
financial period ending 31 March 2007 (the "Accounts"). Copies of the Accounts,
together with monthly performance fact sheets for the Company and information
about the availability of the Company's shares and warrants through the Jupiter
Investment Trust ISA, PEP and Savings Scheme are also available for collection
from the Company's registered office and on request by email from 
[e-mail] or by telephone to 0845 30 60 100 or for download
from www.jupiteronline.co.uk.

Backgroundto the Proposals

The Company is an investment trust whose Ordinary Shares and Warrants were
admitted to the Official List on 8 June 2006. The Company's investment
objective is to generate long-term capital growth through investing in a
diverse portfolio of companies providing environmental solutions.

The Company's investment portfolio has a bias towards small and medium
capitalisation companies. Investments are made predominantly in securities
which are quoted, listed or traded on a recognized investment exchange which
focus on the following six green investment themes: clean energy, water
management, waste management, sustainable living, environmental services and
green transport.

The Company is managed by Jupiter Asset Management Limited and the Manager has
appointed Winslow Management Company, LLC, as investment adviser to manage
assets in that part of the Company's portfolio which may be allocated by the
Manager for investment in US and Canadian securities from time to time.

Past Performance

As at the Company's financial year end on 31 March 2007, the Company had
undiluted audited Total Assets of £31.679 million and an audited diluted NAV
per Ordinary Share of 115.75 pence. As at 28 June 2007, being the latest
practicable date prior to publication of the Prospectus, the Company had
unaudited undiluted Total Assets of £34.780 million and an unaudited undiluted
Net Asset Value per Ordinary Share of 126.44 pence. The unaudited fully diluted
NAV per Ordinary Share was 122.37 pence after taking into account the diluting
effect of the Warrants in issue.

The Company's unaudited NAV per Ordinary Share performance over the period
since its admission on 8 June 2006 to 28 June 2007, compared with those of the
FTSE World Smaller Companies ex US, Russell 2500 Growth and Composite Benchmark
indices, was as follows:

                                  28 June 2007     8 June 2006         % Change
                                                                               
Undiluted NAV per Ordinary              126.44           97.07            +30.2
Share (pence)*                                                                 
                                                                               
Diluted NAV per Ordinary Share          122.37           97.07            +26.1
(pence)*                                                                       
                                                                               
FTSE World Smaller Companies            510.50          403.16            +26.6
ex US index**                                                                  
                                                                               
Russell 2500 Growth index**             488.32          433.37            +12.7
                                                                               
Composite Benchmark index ***                                             +23.2

Sources:

* based on the Company's unaudited NAV per Ordinary Share as at admission and
as at 28 June 2007 as per the Company's NAVannouncement to the London Stock
Exchange through the Regulatory Information Service based on internal
management accounts forthe Company produced by Jupiter Asset Management
Limited, the Company Secretary

** Bloomberg

*** based on 76 per cent. of the FTSE World Smaller Companies ex US index and
24 per cent. of the Russell 2500 Growth index, ascalculated by Jupiter Asset
Management Limited, the Company Secretary

Based on the middle market prices of the Company's Ordinary Shares and Warrants
on the London Stock Exchange on 28 June 2007, the see-through value of an
investment of 100p at launch would now be 137.75p (comprising one Ordinary
Share at 127.5p and one fifth of a Warrant at 51.25p). Warrants were issued
free of charge on a one-for-five basis together with the Ordinary Shares at
launch.

Since the admission of the Ordinary Shares and Warrants to the Official List on
8 June 2006, the Company has been able to issue a further 2,477,976 Ordinary
Shares (representing approximately 10 per cent. of the issued share capital of
the Company on admission) under a block listing facility to meet increasing
demands from investors. As at 4 July 2007, the Company had 27,508,037 Ordinary
Shares and 5,006,012 Warrants in issue.

The Proposals

After due consideration of the Company's investment objective, the Board has
concluded that this is an appropriate time to respond to investor demand by
seeking to raise additional capital to expand the Company's investment
portfolio and broaden the Company's investor base, which should improve market
liquidity for all Shareholders. Consequently, the Board is taking the
opportunity provided by this demand and the existing premium to unaudited
diluted NAV per Ordinary Share, being 4.2 per cent. as at 28 June 2007 (the
latest practicable date prior to publication of the Prospectus), to implement
the Proposals, which involve:

  * a Placing and Offer for Subscription of C Shares (with New Warrants
    attached) to raise up to £75 million before expenses; and
   
  * adoption of new Articles to provide for the rights and restrictions
    attaching to the C Shares.
   
Benefits of the Proposals

The Directors believe that the Proposals have the following principal benefits:

  * existing Shareholders will be able to subscribe for further Ordinary Shares
    in the Company;
   
  * new investors will be able to invest in the Company who would not otherwise
    have been able to make an investment in the Company of their preferred
    size;
   
  * the market capitalisation of the Company will increase following the
    Placing and Offer for Subscription and it is expected that the liquidity of
    the Ordinary Shares will be enhanced, following Conversion, through a wider
    shareholder base; and
   
  * the Placing and Offer for Subscription will increase the size of the
    Company and enable it to spread its fixed operating expenses over a larger
    number of Ordinary Shares.
   
The Proposals ensure, through the C Share Conversion mechanism, that existing
Shareholders will remain fully invested and not suffer any dilution for the
costs of the Proposals or upon Conversion of the C Shares.

Placing and Offer for Subscription

The Company is seeking to raise up to £75 million, before expenses, through the
Placing and Offer for Subscription of C Shares. The Placing and Offer for
Subscription are not being underwritten.

A maximum of 75 million C Shares (and 15 million New Warrants on a one for five
basis) will be available on a non pre-emptive basis to Shareholders and other
investors under the Placing and Offer for Subscription at an issue price of 100
pence per C Share. Priority will be given to applications from Shareholders who
are entered on the register on 4 July 2007. In the event that the Issue is
oversubscribed, other investors will be scaled back to the extent necessary and
if the Issue remains oversubscribed after such investors have been scaled back
in full, Ordinary Shareholders will be scaled back as required pro rata to
their holdings of Ordinary Shares on 4 July 2007.

The Placing and Offer for Subscription are conditional, inter alia, on the
Placing and Offer Agreement becoming unconditional, and not being terminated,
Admission of the C Shares and New Warrants and the passing of the special
resolution as set out in the notice of Extraordinary General Meeting in the
Prospectus. The result of the Placing and Offer for Subscription will be
announced on the date of the Extraordinary General Meeting and trading in the C
Shares and New Warrants is expected to commence on 30 July 2007.

C Shares and principles of Conversion into Ordinary Shares

The Placing and Offer for Subscription will be of a new class of shares, C
Shares, at an issue price of 100 pence per C Share. An issue of C Shares is
designed to overcome the potential disadvantages that could arise for existing
Shareholders out of a conventional fixed price issue of further Ordinary Shares
for cash. In particular:

  * the assets representing the Net Issue Proceeds will be accounted for and
    managed as a distinct pool of assets until Conversion. By accounting for
    the Net Issue Proceeds separately, holders of existing Ordinary Shares will
    not be exposed to a portfolio containing a substantial amount of uninvested
    cash before the Calculation Date;
   
  * the NAV of the existing Ordinary Shares will not be diluted by the expenses
    associated with the Proposals which will be borne by the subscribers for
    the C Shares; and
   
  * the basis upon which the C Shares will convert into Ordinary Shares is such
    that the number of Ordinary Shares to which holders of C Shares will become
    entitled to upon Conversion will reflect the relative investment
    performance and value of the pool of new capital attributable to the C
    Shares raised pursuant to the Placing and Offer for Subscription up to the
    Calculation Date as compared to the assets attributable to the Ordinary
    Shares in issue at that time. As a result, the NAV attributable to the
    Ordinary Shares in issue will not be adversely affected by Conversion and
    no dilution to existing Shareholders will result.
   
The Net Issue Proceeds and the investments made with them will be accounted for
and managed as a separate pool of assets until the date on which at least 80
per cent. of the Net Issue Proceeds have been invested or committed to be
invested (or such greater amount as the Directors and the Manager may agree),
or if earlier 31 December 2007. The Conversion Ratio will then be calculated
and the C Shares in issue will convert into a number of Ordinary Shares
calculated by reference to the net assets then attributable to C Shares
compared to the net assets at the same time attributable to Ordinary Shares
then in issue. Entitlements to Ordinary Shares will then be rounded down to the
nearest whole number and fractional entitlements will be aggregated and sold
for the benefit of the Company.

Prior to Conversion, the C Shares will carry the right to any dividends
declared only in respect of the assets attributable to the C Shares and for the
purposes of attending and voting at general meetings of the Company, the C
Shares and the Ordinary Shares will be treated as if they are a single class. C
Shareholders will be able to participate in a winding-up of the Company or upon
a return of capital.

The New Ordinary Shares arising on Conversion will rank pari passu with the
Ordinary Shares then in issue and will have the rights set out in the Articles.

Example of Conversion mechanism

The following example illustrates the basis on which the number of Ordinary
Shares arising on Conversion will be calculated. The example is unaudited and
is not intended to be a forecast of the number of Ordinary Shares which will
arise on Conversion.

The example illustrates the number of Ordinary Shares which would arise on the
Conversion of 1,000 C Shares held at the Conversion Date, using assumed NAVs
attributable to the C Shares and Ordinary Shares in issue at the Calculation
Date. The assumed NAV (undiluted and unaudited) attributable to each Ordinary
Share is that at the close of business on 28 June 2007 (the latest practicable
date prior to publication of the Prospectus) (Source: Company's weekly NAV
announcement). The assumed NAV attributable to each C Share is on the basis
that there are no returns or losses on the Net Issue Proceeds prior to the
Calculation Date.

Worked Example

Number of C Shares subscribed

1,000

Amount subscribed

£1,000

Undiluted NAV attributable to a C Share at the Calculation Date

97.6 pence

Undiluted NAV attributable to an Ordinary Share at the Calculation Date

126.44 pence

Conversion Ratio

0.7719

Number of Ordinary Shares arising on Conversion

771

New Warrants

Under the Placing and Offer for Subscription, New Warrants will be issued on
the basis of 1 New Warrant for every 5 C Shares subscribed. New Warrants carry
the right to subscribe for Ordinary Shares and holders may only subscribe for C
Shares in the event of a takeover offer of the Company prior to Conversion.

In order to ensure that the issue of New Warrants is not dilutive to existing
Ordinary Shareholders, on the Conversion Date, such number of New Warrants will
be cancelled so that the number of New Warrants outstanding following
cancellation will be at a ratio to the number of Ordinary Shares arising on
Conversion that is equal to the ratio of existing Warrants to existing Ordinary
Shares immediately prior to the Conversion Date. However, no additional New
Warrants will be issued if the Conversion Ratio is such that the number of
Ordinary Shares arising on Conversion is greater than the number of C Shares in
issue prior to Conversion. Each holder of New Warrants will be issued with a
certificate in respect of their revised holding of New Warrants. Fractional
entitlements will be rounded down and will be cancelled. The New Warrants will,
following Conversion, rank pari passu in all respects with the existing
Warrants (including the subscription price of 100 pence per Ordinary Share).

By way of example, if the Conversion Ratio was equal to 0.7719 (as in the
example above) and based on the ratio of existing Warrants to Ordinary Shares
of 18.1984 per cent. as at 28 June 2007 (the latest practicable date prior to
publication of the Prospectus), a holder of 1,000 New Warrants would have 298
New Warrants cancelled on the Conversion Date and subsequently would hold 702
New Warrants ranking pari passu with the existing Warrants in issue.

Extraordinary General Meeting

An EGM has been convened for 11.30 am on 27 July 2007 (or so soon thereafter as
the AGM concludes or is adjourned) in order to obtain Shareholders' approval
for implementation of the Proposals.

The Board's Recommendation to Shareholders

The Board considers that the Proposals are in the best interests of
Shareholders as a whole. The Board has received financial advice from Arbuthnot
Securities and, in giving that financial advice, Arbuthnot Securities has
placed reliance on the Board's commercial assessments. Accordingly, the Board
unanimously recommends that Shareholders vote in favour of the Special
Resolution to be proposed at the EGM. The Directors intend to vote in favour of
the Special Resolution in respect of their own beneficial holdings of Ordinary
Shares which amount in aggregate to 96,000 Ordinary Shares.

Admission and Dealings

Applications have been made to the UK Listing Authority for up to 75 million C
Shares and up to 15 million New Warrants to be admitted to the Official List
and to the London Stock Exchange for the same number of C Shares and New
Warrants to be admitted to trading on the London Stock Exchange's market for
listed securities. It is expected that Admission will become effective, and
that dealings in the C Shares and New Warrants will commence, on 30 July 2007.

Certificates and CREST

The C Shares and the New Ordinary Shares arising on Conversion will be issued
in registered form and may be held in certificated or uncertificated form.

Expected Timetable of Principal Events*

                                                                           2007
                                                                               
Offer for Subscription opens                                             4 July
                                                                               
Latest time and date for receipt of placing                     5 pm on 23 July
commitments                                                                    
                                                                               
Latest time and date for receipt of Letters of                  5 pm on 23 July
Direction from Jupiter Investment Trust ISA, PEP and                           
Savings Scheme holders for the EGM                                             
                                                                               
Latest time and date for receipt of Jupiter Investment          5 pm on 23 July
Trust ISA, PEP and Savings Scheme Application Forms                            
                                                                               
Latest time and date for receipt of Application Forms           5 pm on 23 July
under the Offer for Subscription                                               
                                                                               
Latest time and date for receipt of forms of proxy          11.30 am on 25 July
from Ordinary Shareholders for the EGM by the                                  
Registrar                                                                      
                                                                               
Results of Placing and Offer for Subscription              on or around 27 July
announced                                                                      
                                                                               
Annual General Meeting                                      11.00 am on 27 July
                                                                               
Extraordinary General Meeting                               11.30 am on 27 July
                                                                               
Admission and dealings in C Shares and the New                  8 am on 30 July
Warrants commences                                                             
                                                                               
CREST account credited in respect of C Shares and New                by 30 July
Warrants issued in uncertificated form                                         
                                                                               
Certificates despatched in respect of C Shares and the week commencing 6 August
New Warrants issued in certificated form                                       
                                                                               
Despatch of confirmations of holdings to investors in        week commencing 13
the Jupiter Investment Trust ISA, PEP and Savings                        August
Scheme accounts                                                                
                                                                               
Latest date for Conversion of C Shares into Ordinary             by 31 December
Shares. Admission of the Ordinary Shares arising on                            
Conversion to the Official List and to trading on the                          
Main Market will occur on the Conversion Date                                  

* All references are to London time.

Definitions

Terms used in this announcement shall, unless the context otherwise requires,
bear the meanings given to them in the Prospectus dated 4 July 2007.

Important Notice for U.S. Investors

THESE SECURITIES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE US
SECURITIES ACT OF 1933, AS AMENDED (THE 'SECURITIES ACT'), OR WITH ANY
SECURITIES REGULATORY AUTHORITY OF ANY STATE OR OTHER JURISDICTION OF THE
UNITED STATES. THE OFFER, SALE, PLEDGE OR TRANSFER OF THESE SECURITIES IS
SUBJECT TO CERTAIN CONDITIONS AND RESTRICTIONS. THE HOLDER HEREOF, BY
PURCHASING OR OTHERWISE ACQUIRING THESE SECURITIES, ACKNOWLEDGES THAT THESE
SECURITIES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT
AND THAT THE ISSUER HAS NOT REGISTERED AND WILL NOT REGISTER UNDER THE US
INVESTMENT COMPANY ACT OF 1940, AS AMENDED (THE 'INVESTMENT COMPANY ACT'). THE
HOLDER AGREES FOR THE BENEFIT OF THE ISSUER, ANY DISTRIBUTORS OR DEALERS AND
ANY SUCH PERSONS' AFFILIATES THAT THESE SECURITIES MAY BE OFFERED, RESOLD,
PLEDGED OR OTHERWISE TRANSFERRED ONLY IN COMPLIANCE WITH THE SECURITIES ACT,
THE INVESTMENT COMPANY ACT AND ANY APPLICABLE STATE SECURITIES LAWS AND ONLY
(1) IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH REGULATION S UNDER THE
SECURITIES ACT TO A NON-US PERSON (AS DEFINED IN REGULATION S UNDER THE
SECURITIES ACT, 'US PERSON') OR (2) PURSUANT TO AN EXEMPTION FROM REGISTRATION
UNDER THE SECURITIES ACT (PROVIDED THAT, IF SUCH TRANSFER PURSUANT TO THIS
CLAUSE (2) IS TO A US PERSON, THE PURCHASER IS A QUALIFIED PURCHASER WITHIN THE
MEANING OF THE INVESTMENT COMPANY ACT), AND IN EACH CASE IN ACCORDANCE WITH ANY
APPLICABLE SECURITIES LAWS OF THE STATES OF THE UNITED STATES AND OTHER
JURISDICTIONS. THE HOLDER ACKNOWLEDGES THAT THE PURPOSE OF THE FOREGOING
LIMITATION IS, IN PART, TO ENSURE THAT THE ISSUER IS NOT REQUIRED TO REGISTER
UNDER THE INVESTMENT COMPANY ACT.

Arbuthnot Securities Limited

Arbuthnot Securities Limited is acting as sponsor, broker and financial adviser
to the Company. Arbuthnot Securities Limited, which is authorised and regulated
by the Financial Services Authority, is acting for the Company only and will
not be responsible to any other person for providing the protections afforded
to customers of Arbuthnot Securities Limited or for advising such person on the
matters referred to in this announcement.