Dividend Declaration

Jupiter Second Enhanced Inc.Tst.PLC
16 February 2005


                    Jupiter Second Enhanced Income Trust PLC

At their meeting today the board of Jupiter Second Enhanced Income Trust PLC
('the Company') declared a first interim dividend for the year ending 31st
October 2005 of 0.45p net per Geared Income share payable on 31st March 2005 to
shareholders on the register on 25th February 2005.

It is anticipated that, based on current forecasts, the Company, which commenced
business on 1st November 2004, should be able to make total dividend payments of
between 2.8 and 3.0 pence for the year ending 31st October 2005 as indicated in
its prospectus published in September 2004.



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