Interim Management Statement

Jupiter Green Investment Trust PLC

Interim Management Review for the three months to 31 December 2007

The  Board  of Jupiter Green Investment Trust PLC (the "Company") is pleased  to
announce its interim management review for the quarter ended 31 December 2007.

Investment Manager's Report for the Quarter Ended 31 December 2007

Performance Review

For  the period from 1 October 2007 to the 31 December 2007, the return  on  the
Company's  Total  Assets was 5.0 per cent.* compared to a  decline  of  0.1  per
cent.* for the Company's composite benchmark index**.

Market and Policy Review

The  Company  ended  the quarter marginally lower against a backdrop  of  highly
volatile market conditions. The outlook for the US economy took a turn  for  the
worse  during  the  quarter and heightened risk aversion among  investors  meant
small and mid cap stocks were left behind large caps.

The  Manager  continues  to apply a long-term approach to  investing,  selecting
companies that have positive growth drivers and are addressing local and  global
environmental  problems. The six key investment themes  for  the  Jupiter  Green
Investment   Trust  are  clean  energy,  water  management,  waste   management,
sustainable living, environmental services and green transport.

Some  performance  highlights included strong advances by wind  power  companies
Vestas  Wind Systems and Gamesa, which come under our clean energy theme.  These
companies are experiencing good demand and were boosted by the EU climate change
and energy strategy published in January 2008. The strategy proposes that 20% of
overall  EU energy consumption should come from renewable sources by 2020.  This
target is expected to have particular benefits for wind companies given the cost
competitiveness of the sector.

Less  successful  was  UK based renewable energy company  Novera  Energy  (clean
energy)  which  ended  lower due to generally poor stock market  sentiment.  The
company is attractively valued at these levels and its growing wind portfolio is
supporting  its  longer-term prospects. Environmental  services  holding  Keller
Group also ended the quarter down, with the stock now priced for a recession  in
the US, regardless of unchanged company fundamentals and clear visibility of its
order book.

Outlook

The  short-term outlook for equities is overshadowed by the heightened risks  in
the  US  economy.  However, we continue to view the current downturn  in  market
sentiment,  particularly in small and mid caps stocks,  as  a  potential  buying
opportunity.

The  unilateral  agreement at the UN climate conference in Bali to  negotiate  a
binding deal for measures to tackle climate change was an important step for the
green  sector. In addition to the longer-term environmental consequences of  the
Bali  roadmap,  the  agreement  represents  a  major  endorsement  of  companies
responding  to  climate change either through their products or policies.  Given
the potential for strong intergovernmental legislation in coming years, the long-
term outlook for the sector remains very compelling.

Charles Thomas
Fund Manager, Jupiter Asset Management Limited

Sources
*   Jupiter  Asset Management Limited ("Jupiter").  All positions mentioned  are
held directly within the portfolio managed by 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 31 December 2007: £61,101,051

                                                              % of Total Assets
Jupiter Managed Portfolio             £38,889,132             63.6
Winslow Managed Portfolio             £22,211,919             36.4

Shares in Issue on 31 December 2007

                              Net Asset Value (p)        Market Price (p)        Premium/ (Discount)
Ordinary (undiluted)          130.17                     121.00
Ordinary (diluted)            125.56                     121.00                  (3.6)%
Warrants                      n/a                        37.75                   n/a

Portfolio Distribution on 31 December 2007

United Kingdom                    33%
North America                     39%
Europe                            16%
Japan                             5%
Other                             2%
Cash and fixed interest           5%
                                  100%

The Company's exposure to other UK listed investment companies was nil on 31
December 2007.

Top Ten Holdings on 31 December 2007

Company                        Country of Listing           %
Vestas Wind System             Denmark                      3.9
Gamesa Corp                    Spain                        3.4
Atkins Group                   United Kingdom               3.3
First Solar Inc                USA                          2.9
Cranswick                      United Kingdom               2.8
Firstgroup                     United Kingdom               2.7
RPS Group                      United Kingdom               2.2
Novozymes A/S                  Denmark                      2.2
Nordex AG                      Germany                      2.1
Genus                          United Kingdom               2.1

                                                            27.6

Comparative Performance to 31 December 2007

                                1 Month %         3 Months %    1 Year %         Since Launch %  Last Annual Report
                                                                                                 %
Total Assets*                   5.0               5.0           19.0             34.1            9.7
FTSE World Smaller Cos - Ex US
Index                           1.3               (1.7)         9.6              25.1            3.0
Russell 2500 Growth Index
                                3.2               (1.5)         0.1              5.7             (2.8)
Composite Index                 1.9               (0.1)         8.7              21.9            2.9
Ordinary Share NAV              5.0               5.0           19.0             34.1            9.7
Ordinary Share Price            2.1               (0.8)         10.8             21.0            2.1
Warrant Price                   0.0               (10.1)        (3.8)            79.8            (6.2)

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

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

On  2 November 2007 the 24.25 million C Shares and 4,850,000 New Warrants issued
pursuant to the Placing and Offer described in the prospectus dated 4 July  2007
were  converted  into Ordinary Shares and Warrants ranking pari passu  with  the
existing Ordinary Shares and Warrants in issue.   The Conversion Ratio for the C
Shares  was 0.79989967 Ordinary Shares for every one C Share held prior  to  the
conversion  date.   The  holders of New Warrants received 0.72228309  continuing
Warrants for every one New Warrant held.

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. For the Company it may also be possible 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  Board  is  not aware of any other significant events or transactions  which
have  occurred  between 30 September 2007 and the date of  publication  of  this
interim management statement which would have a material impact on the financial
position 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.