Interim Management Statement

Jupiter Green Investment Trust PLC

Interim Management Statement for the three months to 30 June 2008

The  Board  of Jupiter Green Investment Trust PLC (the "Company") is pleased  to
announce its interim management statement for the quarter ended 30 June 2008.

Investment Manager's Report for the Quarter Ended 30 June 2008

Performance Review

For  the  period  from  1  April 2008 to the 30 June 2008,  the  return  on  the
Company's  Total  Assets was 1.2 per cent.* compared to a  decline  of  3.6  per
cent.* for the Company's composite benchmark index**.

Market and Policy Review
Global  equities ended the quarter lower amid volatile trading.  In  April,  the
market  rallied on the back of the palliative measures by Western central  banks
and  capital raisings by financial companies. However, a further contraction  in
Western housing markets, ongoing pressures in the financial sector and a  marked
increase  in  inflation sent the market lower towards the end  of  the  quarter.
Small and mid cap companies recorded more pronounced falls as investors moved in
a perceived "flight to safety" towards larger companies.

In  spite  of  the difficult trading conditions the portfolio produced  a  small
absolute  gain  and healthy relative return. Notwithstanding their  inflationary
effects, higher energy prices are supporting holdings in our clean energy theme.
From  this  theme, Vestas Wind Systems was a notable contributor to performance.
The  company announced solid first quarter results with a surprising  growth  in
margins  and a positive long term outlook. Clean energy holdings in the  Winslow
managed portfolio were also among the best performers. The price of First  Solar
advanced  18% following news that its solar panels will be used in a  number  of
projects  in  California. Meanwhile, energy and water meter company Itron  added
value following contract wins.

Some  positions within the overall portfolio lost ground due to extreme investor
nervousness. Waste management company Shanks drifted lower in spite of  positive
full  year results. Abengoa, which falls under our clean energy theme, also lost
ground due to a downturn in sentiment towards bio-fuels.

Outlook
The  global  economy remains in an uncertain state, weighed on  by  inflationary
pressures,  most  notably in fuel and food. We continue to see difficult  market
trends.  Financial  stocks  remain in a delicate  position,  analysts'  earnings
forecasts across many sectors are uncertain and there are large liquidity issues
in  the  market.  We  therefore believe that further market  volatility  appears
inevitable.

Fortunately,  despite  these issues, the long term  case  for  green  investment
continues  to strengthen. High fuel prices are motivating political  agendas  to
focus  on  energy  efficiency  and  renewable  energy  sources,  bolstering  our
investment  thesis.  We  continue to invest in our six green  themes,  which  we
believe  will  benefit  from  the  rising oil price,  political  regulation  and
changing corporate and consumer behaviour.

We  believe  that  the  current downturn will ultimately  prove  a  good  buying
opportunity  for  long  term investors. However, we  continue  to  proceed  with
caution,  maintaining a high cash position, and investing in oversold  companies
where the management team is strong and the balance sheet healthy.

Charles Thomas
Fund Manager, Jupiter Asset Management Limited

All  positions  mentioned  are held directly within  the  portfolio  managed  by
Jupiter unless otherwise stated.

Sources
* Jupiter Asset Management Limited ("Jupiter").

**  FTSE  World  Smaller Companies and Russell 2500 Growth Index, rebalanced  to
reflect the proportion of total assets managed by Jupiter and Winslow Management
Company LLC ("Winslow") respectively.

Total Assets as at 30 June 2008: £52,936,827

                                                              % of Total Assets
Jupiter Managed Portfolio               £34,923,406           66.0
Winslow Managed Portfolio               £18,013,421           34.0

Shares in Issue on 30 June 2008: 46,200,031

                                                               Net Asset     Market       Premium/
                                                               Value (p)     Price (p)    (Discount)
Ordinary (undiluted) excluding income/expenses                 115.48
Ordinary (undiluted) including income/expenses                 115.50        109.75       (5)%
Ordinary (diluted) excluding income/expenses                   113.07
Ordinary (diluted) including income/expenses                   113.08
Warrants                                                       n/a           37.75        n/a

Portfolio Distribution on 30 June 2008

United Kingdom                                     34%
North America                                      37%
Europe                                             18%
Japan                                              4%
Other                                              1%
Cash and fixed interest                            6%
                                                   100%

The Company's exposure to other UK listed investment companies was nil on 30
June 2008.

Top Ten Holdings on 30 June 2008

Company                        Country of Listing           %
Gamesa Corp                    Spain                        4.1
Vestas Wind System             Denmark                      3.7
Atkins Group                   United Kingdom               3.5
Novera Energy                  United Kingdom               2.7
FirstGroup                     United Kingdom               2.6
Cranswick                      United Kingdom               2.5
RPS Group                      United Kingdom               2.4
Go-Ahead                       United Kingdom               2.2
Nordex AG                      Germany                      2.2
Itron Inc                      United States                2.1

                                                            28.0

Comparative Performance to 30 June 2008

                             1 Month %        3 Months %   1 Year %        Since Launch  Last Annual
                                                                           %             Report %
Total Assets*                (7.4)             1.2          (8.7)           19.0           1.2
FTSE World Smaller Cos - Ex
US Index                     (9.3)            (6.0)        (15.4)            7.3          (6.0)
Russell 2500 Growth Index
                             (8.7)             1.2         (13.6)           (3.2)          1.2
Composite Index              (9.1)            (3.6)        (14.3)            5.7          (3.6)
Ordinary Share NAV           (7.4)             1.2          (8.7)           19.0           1.2
Ordinary Share Price         (2.9)             1.6         (13.9)            9.8           1.6
Warrant Price               (14.7)           (25.0)        (51.9)           17.9         (25.0)

*Adjusted  for  new share issues in September 2006, November 2006  and  April  &
August  2007  and C share conversion in November 2007 and share  repurchases  in
March and April.

The Company's Investment Objective

The  Company's  investment  objective is to generate  long-term  capital  growth
through a diverse portfolio of companies providing environmental solutions.

The Company's Investment Policy

The  Company  invests  globally in companies which have a significant  focus  on
environmental   solutions  such  as  Clean  Energy,  Water   Management,   Waste
Management, Sustainable Living, Environmental Services and Green Transport.  The
Company is focused on the following six green investment themes:

·    Clean Energy
Stand alone power and back-up systems based on wind, solar, flywheels, batteries
and fuel cells; bio-fuels; insulation materials; energy efficiency technologies.

·    Waste Management
Waste  reduction and associated technologies; recycling and resource management;
recycled materials.

·    Green Transport
Integrated  public  transport systems; vehicle emissions and  energy  efficiency
control technologies.

·    Sustainable Living
Healthy  lifestyle sector including organic foods, complementary  medicines  and
healthcare.

·    Environmental Services
Companies   directly   benefiting  from  increased  environmental   legislation,
including environmental consultancies and providers of safety equipment.

·    Water Management
Water  and  wastewater services including sewerage and treatment infrastructure;
new technology-based solutions such as membranes and UV disinfection.

The  Company's  portfolio  has a bias towards small  and  medium  capitalisation
companies. It invests primarily in securities which are quoted, listed or traded
on  a  recognised  exchange. However, up to 5 per cent. of the  Company's  Total
Assets  (at the time of such investment) may be invested in unlisted securities.
No such investments have been made to date.

Material Events

Following a ruling by the European Court of Justice, HM Revenue and Customs  has
recently  accepted  that VAT will no longer be charged on investment  management
fees.  The Company may therefore be able to recover some of the VAT paid in  the
past on management fees. However, the amount repayable is subject to a number of
legal  and  procedural considerations which currently are under  review  by  the
Directors.

The Directors believe that the Ordinary shares should not trade at a significant
discount to their prevailing Net Asset Value. As such, the Board has in place  a
share  buy  back  policy with the aim of maintaining any such  discount  on  the
Ordinary  shares  at a stated maximum (the `Discount Threshold')  at  any  given
time.

Since  31  March 2008 there have been the following buy-backs under the facility
granted to the Board by Shareholders at the last Annual General Meeting:

Date                      Amount Purchased             Price Paid (p)             Cancellation/Holding
                                                                                  in Treasury

18 April 2008             360,000                      108.5                      Treasury
3 July 2008               250,000                      103.5                      cancellation
15 July 2008              250,000                      101.25                     cancellation

The  Board  is  not aware of any other significant events or transactions  which
have  occurred between 31 March 2008 and the date of publication of this interim
management  statement  which  would  have a material  impact  on  the  financial
position or the performance of the Company.

Availability of Monthly Fact Sheets

Monthly   fact   sheets  for  the  Company  are  available  for  download   from
www.jupiteronline.co.uk  and  by  post  or  fax  on  request  from  the  company
secretarial department.

The  Company's  Ordinary  shares and Warrants are listed  on  the  London  Stock
Exchange  and the prices are published in the Financial Times under  `Investment
Companies'.

The  Net Asset Values of the Company's ordinary shares are calculated weekly and
can    be    viewed    on    the    London    Stock    Exchange    website    at
www.londonstockexchange.com (under the heading `Market News').

For further information, please contact:

Richard Pavry
Director of Investment Trusts
Jupiter Asset Management Limited
[e-mail]
020 7314 4822

Jenny Thompson
Company Secretarial Department
Jupiter Asset Management Limited
[e-mail]
020 7314 5565

The Company's Registered office is at 1 Grosvenor Place, London SW1X 7JJ.

This   interim  management  statement  has  been  prepared  solely  to   provide
information  to  meet the requirements of the UK Listing Authority's  Disclosure
and Transparency Rules.