Conversion of C Shares

Jupiter Green Investment Trust PLC
             Conversion of C Shares and cancellation of New Warrants
                      Net Asset Value as at 24 October 2007

Further  to  its announcement dated 24 October 2007, the Board of Jupiter  Green
Investment  Trust  PLC  (the "Company") announces the following  information  in
relation  to  the  Net  Asset Value of its Shares as at  24  October  2007  (the
"Calculation  Date")  and  the Conversion of C Shares and  cancellation  of  New
Warrants, including the Conversion Ratio.

Net Asset Value as at 24 October 2007

The  net  asset  values  of the Ordinary Shares and  the  C  Shares  as  at  the
Calculation Date, being 24 October 2007, were as follows:

                                       pence
Ordinary Shares
Net Asset Value - undiluted            128.796535p*
Net Asset Value - diluted              124.39p

C Shares
Net Asset Value                        103.024307p*
(there is no dilution for C Shares)

Conversion Date

The  Directors  have determined that the Conversion Date will be  the  close  of
business  today,  Friday 2 November 2007.  Entitlements on  Conversion  will  be
calculated on the basis of holdings of C Shares and New Warrants as at the close
of business on the Conversion Date.

Conversion Ratio for C Shares

On  the basis of the above Net Asset Values (marked *), the Conversion Ratio for
Conversion of the C Shares is 0.79989967 Ordinary Shares for every one C Share.

For  example, a holder of 10,000 C Shares will receive 7,998 new Ordinary Shares
upon Conversion.

Fractions  will  be  rounded down to the nearest whole  share.   Any  fractional
entitlements  will be aggregated and sold in the market for the benefit  of  the
Company.

Scaling Back of New Warrants

In accordance with the terms of the instrument constituting the New Warrants, on
Conversion, such number of New Warrants held by each New Warrantholder  will  be
cancelled  so  as  to  ensure that the total number of continuing  New  Warrants
outstanding  following such cancellation will be at a ratio  to  the  number  of
Ordinary  Shares  arising on Conversion that is equal to the ratio  of  Existing
Warrants to Existing Ordinary Shares immediately prior to the Conversion Date.

As  of  today, being the Conversion Date, there are 4,973,621 Existing  Warrants
and  27,540,428  Ordinary  Shares in issue, meaning  that  there  were  0.180593
Existing  Warrants for every one Ordinary Share in issue.  The  holders  of  New
Warrants will therefore retain 0.72228309 continuing New Warrants for every  one
New Warrant held prior to the Conversion Date, rounded down to the nearest whole
number. Any fractional entitlements will be cancelled.

For  example,  a  holder of 1,000 New Warrants will retain  722  continuing  New
Warrants beyond the Conversion Date.

With  effect from the Conversion Date, the New Warrants will rank pari passu  in
all respects with the Existing Warrants (including the subscription price of 100
pence per Ordinary Share).

Dealings, CREST and share certificates

Dealings  in the Ordinary Shares arising from Conversion and the reduced  number
of New Warrants are expected to commence at 8.00 a.m. on Monday 5 November 2007.

CREST  accounts  will  be credited in respect of Ordinary  Shares  arising  from
Conversion,  and  will be adjusted in respect of Warrants, on 5  November  2007.
Share  certificates and Warrant certificates will be despatched, as appropriate,
during the week commencing 5 November 2007.

Shares in issue

Following  Conversion, as at 8.00 a.m. on 5 November 2007 the  Company's  issued
capital  will  consist of Ordinary Shares (ISIN GB00B120GL77)  and  Warrants  to
subscribe for Ordinary Shares (ISIN GB00B120H360).

The  ISINs for the C Shares (GB00B1Z97071) and New Warrants (GB00B1Z97303)  will
be cancelled at that time.

Other matters

Further details of the conversion and rights attaching to the C Shares and New
Warrants are set out in the Company's prospectus published in relation to the
issue of the C Shares and New Warrants dated 4 July 2007 (the "Prospectus"). A
copy of the Prospectus is available for download from www.jupiteronline.co.uk
and on request from Richard Pavry at Jupiter Asset Management Limited.

Terms defined in the Prospectus shall have the same meaning in this announcement
unless otherwise defined.

For further information, please contact:

Richard Pavry                 Alastair Moreton
Director of Investment Trusts Director, Corporate Finance
Jupiter Asset Management      Arbuthnot Securities
[e-mail]    [e-mail].
020 7314 4822                 uk
                              020 7012 2000