Dividend Declaration

Jupiter Second Enhanced Income Trust PLC - Dividend Declaration

     At  a  board  meeting  of  Jupiter Second Enhanced Income  Trust  PLC  (the
     "Company")  the directors resolved to declare a first interim dividend  for
     the  year ending 31st October 2007 of 0.80p (net) (2006: 0.60p) per  Geared
     Income  share  payable on 31st March 2007. The dividend  will  be  paid  to
     Geared  Income shareholders (and to holders of Geared Income shares  within
     the Company's Packaged Units) on the register on 9th February 2007.

     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
     Jupiter Asset Management
     020 7412 0703