Net Asset Value(s)

2nd July 2008

The Company announces that the unaudited estimate of the total assets of Jupiter Second Enhanced Income Trust PLC as at
30th June 2008 is £69.902 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                                           76.41
Geared Income Shares      - excluding income and expenses                 34.86
                          - including income and expenses                 35.04
Packaged Units            - excluding income and expenses                111.27
                          - including income and expenses                111.45


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