Net Asset Value(s)

26th August 2008

The Company announces that the unaudited estimate of the total assets of Jupiter Second Enhanced Income Trust PLC as at
25th August 2008 is £69.458 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                                           77.21
Geared Income Shares      - excluding income and expenses                 33.35
                          - including income and expenses                 34.02
Packaged Units            - excluding income and expenses                110.56
                          - including income and expenses                111.23


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