Portfolio Update

Jupiter European Opportunities Trust PLC

     Pursuant to Listing Rule 21.20(l)(ii), Jupiter European Opportunities Trust
     PLC  announces that, as at close of business on 31st December 2005, its ten
     largest investments were as follows:

     Name of Security
 1   Associated British Ports
 2   Neopost
 3   Numico
 4   Novozymes
 5   Techem
 6   Intertek Group
 7   Elsevier
 8   Dassault Systemes
 9   Syngenta
10   Essilor Intl

     There  were  no  other  investments with a value greater  than  5%  of  the
     Company's total assets.

     A  monthly  fact  sheet for the Company is available on  request  from  the
     Company Secretaries and from www.jupiteronline.co.uk.

     By order of the Board.
     Jupiter Asset Management Limited, Company Secretaries.