Stmnt reWinding up of Company

Jupiter Int.Green Inv. Trust PLC
16 November 2000

In light of the requirement under the Company's articles of association to
propose a resolution to shareholders to wind up the Company on 31st March 2001,
the directors are currently investigating proposals that will offer shareholders
a tax efficient alternative to a simple winding up of the Company at that time.

To this end, the directors have invited the investment manager, Jupiter Asset
Management Limited, to put forward proposals which would enable the board to
recommend a scheme of reconstruction of the Company prior to 31 March 2001
whereby shareholders will be offered a choice of either (1) a tax efficient
rollover into a new fund with similar investment objectives to the Company's or
(2) the ability, if they so wish, to realise their holding for cash.

A further announcement will be made in due course. In the meantime the Board
advises that shareholders should take no action.

Enquiries:

Andrew Watkins or Richard Pavry, Jupiter Asset Management Limited, Tel. [phone]
0703