AGM Statement /Treasury Share Policy/Appointmen...

The board wishes to announce that all of the resolutions proposed at the Annual
General Meeting of the Company held today were duly passed.

The board further wishes to announce that, in the event that Ordinary Shares are
bought into treasury in the future, it is now the Company's policy not to
reissue such treasury shares at a discount to their estimated net asset value.
This change in the board's policy has been made in response to representations
from shareholders in connection with resolution 6 (disapplication of pre-emption
rights) at the Company's Annual General Meeting.

The board also wishes to announce that Cenkos Securities Limited has been
appointed as a corporate broker to the Company.

A monthly fact sheet for the Company and copies of its recent Report and
Accounts are available on request from the Company Secretaries and from
www.jupiteronline.co.uk.

By order of the Board.

Jupiter Asset Management Limited, Company Secretaries

Enquiries:

Richard Pavry
020 7314 4822
[e-mail]

Jenny Thompson
020 7314 4864
[e-mail]