Net Asset Value(s)

The Company announces that the unaudited estimate of the total assets of Jupiter Second Enhanced Income Trust PLC as at
17th February 2006 is £78.301 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                 64.40
Geared Income Shares                            60.24
Packaged Units                                 124.64