Net Asset Value(s)

10 November 2008

The Company announces that the unaudited estimate of the total assets of Jupiter Second Enhanced Income Trust PLC as at
31 October 2008 is £8,579 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                                           78.40
Geared Income Shares      - excluding income and expenses                 13.66
                          - including income and expenses                 15.13
Packaged Units            - excluding income and expenses                 92.06
                          - including income and expenses                 93.53


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