Net Asset Value(s)

The Company announces that the unaudited estimate of the total assets of Jupiter Second Enhanced Income Trust PLC as at
31st March 2006 was £79.583 million (including the net asset value attributable to the Zero Dividend Preference shares).
The net asset values of the various classes of shares are estimated to have been:

                                        Net Asset Value/Share (p)
Zero Dividend Preference Shares                 64.94
Geared Income Shares                            61.74
Packaged Units                                 126.68