Net Asset Value(s)

The Company announces that the unaudited estimate of the total assets of Jupiter Second Enhanced Income Trust PLC as at
11th May 2007 was £91.561 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                 70.37
Geared Income Shares                            75.37
Packaged Units                                 145.74

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:

Jonathan McGuire
Company Secretarial Department
Jupiter Asset Management Limited
[e-mail]
0207-314-4773