Dividend Declaration

Jupiter Second Enhanced Inc.Tst.PLC
19 May 2005


Jupiter Second Enhanced Income Trust PLC - Dividend Declaration and Future
Dividend Policy

At their meeting on 18th May, the board of Jupiter Second Enhanced Income Trust
PLC (the 'Company') declared a second interim dividend for the year ending 31st
October 2005 of 1.0p (net) per Geared Income share which is payable on 30th June
2005 to Geared Income shareholders (and to holders of Geared Income shares
within the Company's Packaged Units) on the register on 27th May 2005.

The Company's first interim dividend of 0.45p was paid on 31st March 2005.  It
is anticipated that, based on the Investment Manager's current forecasts, the
Company should be able to declare aggregate dividends of between 2.8 and 3.0
pence for the year ending 31st October 2005 in line with the indication
published in the Company's prospectus in September 2004.  However, due to the
possibility of the Company's engagement in corporate activity it cannot be
guaranteed that the proportion of the Company's annual dividend represented by
individual quarterly interim dividends (and any Special Dividends that may be
declared) will be uniform for the current financial year.

Enquiries:

Richard Pavry
Jupiter Asset Management
020 7412 0703


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