Conversion of Securities Conversion of C Shares

Jupiter Green Investment Trust PLC - Conversion of C Shares Jupiter Green Investment Trust PLC (the "Company") is pleased to announce that following the admission of the C Shares to the Official List and to the London Stock Exchange on 30 July 2007, the Company's Investment Manager, Jupiter Asset Management Limited, notified the Directors on 24 October 2007 that more than 80 per cent. of the net proceeds of the C share issue had been invested in assets selected by them. Therefore, and in accordance with the terms of the C Shares, the Directors have determined that the Calculation Date for the conversion of the C Shares into Ordinary Shares will be 24 October 2007. The conversion will be made on the basis of the respective net asset values of the C Shares and Ordinary Shares as at the close of business on the Calculation Date. A further announcement will be made in due course notifying the Conversion Date and setting out details of the Conversion, the respective Net Asset Values as at 24 October 2007, the Conversion Ratio, the numbers of Ordinary Shares and Deferred Shares to which each C Shareholder will be entitled on Conversion and the numbers of Warrants to which each New Warrantholder will be entitled on Conversion. Further details of the conversion and rights attaching to the C Shares and the New Warrants are set out in the Company's prospectus in relation to the placing and offer for subscription dated 4 July 2007 (the "Prospectus"). Terms defined in the Prospectus have the same meaning in this announcement unless otherwise defined. For further information, please contact: Richard Pavry Director of Investment Trusts Jupiter Asset Management Limited rpavry@jupiter-group.co.uk 020 7314 4822 Jonathan McGuire Company Secretary Jupiter Asset Management Limited jmcguire@jupiter-group.co.uk 020 7314 4773 Alastair Moreton Director, Corporate Finance Arbuthnot Securities Limited alastairmoreton@arbuthnot.co.uk 020 7012 2000 Issued share Capital for the Purposes of the Disclosure and Transparency Rules The following figures may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Service Authority's Disclosure and Transparency Rules Ordinary Shares 27,540,428 in issue. ISIN: GB00B120GL77 Sedol Number: BL120GL7 Ticker: JGC/LON C Shares 24,250,000 in issue. ISIN: GB00BIZ97071 Sedol Number: BIZ9707 Ticker: JGCC/LON Existing Warrants 4,973,621 in issue. ISIN: GB00B120H360 Sedol Number: B120H36 Ticker: JGCW/LON New Warrants 4,850,000 in issue. ISIN: GB00BIZ97303 Sedol Number: BIZ9730 Ticker: JGCX/LON Arbuthnot Securities Limited is acting as sponsor, broker and financial adviser to the Company. Arbuthnot Securities Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting for the Company only and will not be responsible to any other person for providing the protections afforded to customers of Arbuthnot Securities Limited or for advising such person on the matters referred to in this announcement.
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