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 August 2006 was £77.251 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                 66.94
Geared Income Shares                            56.03
Packaged Units                                 122.97

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
Company Secretarial Department
Jupiter Asset Management Limited
[e-mail]
0207-314-4773