Net Asset Value(s)

12th May 2008

The Company announces that the unaudited estimate of the total assets of Jupiter Second Enhanced Income Trust PLC as at
9th May 2008 was £74.928 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               75.63
Geared Income Shares                          43.64
Packaged Units                                119.27

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:

Timothy Georghiou
Company Secretarial Department
Jupiter Asset Management Limited