Martin Currie Enhance

Jupiter Second Enhanced Inc.Tst.PLC
14 April 2005



The Board of Jupiter Second Enhanced Income Trust PLC wish to draw shareholders
attention to the following announcement made by Martin Currie Enhanced Income
Trust PLC today

14th April 2005

'Martin Currie Enhanced Income Trust PLC

Proposed reconstruction

Martin Currie Enhanced Income Trust PLC (the 'Company') was launched in 1999
with a fixed winding-up date of 30 June 2005. At the time of the Company's
launch the directors stated that it was their intention, prior to the winding-up
date, to consider ways in which shareholders might continue their investment
beyond that date if they so wished and to defer crystallisation of liabilities
to capital gains tax.

The final entitlement of zero dividend preference ('ZDP') shareholders is
currently covered approximately 1.5 times and, as such, the Board expects that,
on a winding-up, ZDP shareholders will receive their full entitlement of 158.7p
per ZDP share. In accordance with the Company's articles of association the
assets remaining thereafter would be distributed to the ordinary shareholders.

Having consulted with major shareholders, the Board has evaluated a number of
proposals which would provide holders of both ordinary and ZDP shares with the
opportunity to continue their investment beyond 30 June 2005.

The Company announces that, as a result of the Board's evaluation exercise, it
has reached agreement in principle with the board of Jupiter Second Enhanced
Trust plc ('Jupiter Second Enhanced') and its manager, Jupiter Asset Management
Limited, which enables the Board to propose to shareholders a scheme of
reconstruction under which existing shareholders in the Company would have the
opportunity to roll their investment over into shares in Jupiter Second Enhanced
on or before 30 June 2005. The scheme, as currently envisaged, would also
provide shareholders with the opportunity to receive cash or to roll their
investments over into units in the Jupiter Cash Fund, a cash unit trust.

The Company expects to post a circular to shareholders as soon as practicable
giving full details of the proposals and convening the required Extraordinary
General Meetings.'

Enquiries:

Richard Pavry
Jupiter Asset Management Limited
020 7412 0703
[e-mail]





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