Net Asset Value(s)

7th January 2008

The Company announces that the unaudited estimate of the total assets of Jupiter Second Enhanced Income Trust PLC as at
31st December 2007 is £79.834 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               73.71
Geared Income Shares                          53.37
Packaged Units                               127.08

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:

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