Interim Management Statement

Jupiter European Opportunities Trust PLC

Interim Management Review for the three months ended 29 February 2008

The Board of Jupiter European Opportunities Trust PLC (the "Company") is pleased
to  announce  its  interim management review for the quarter ended  29  February
2008.

During  the  period from 1 December 2007 to 29 February 2008, the Company's  net
asset  value per share fell by 2.5 per cent. to 216.18p, which compares  with  a
fall  of 7.3 per cent. for the Company's benchmark, the FTSE World Europe ex  UK
Total Return Index, over the same period.

Investment Manager's Report for the Quarter Ended  29 February 2008

Equity  markets  were very volatile early in the quarter as concerns  about  the
credit  crisis deepened. Markets rallied somewhat in the latter half of December
after  coordinated intervention by central banks to support the interbank  money
markets during a year-end lack of liquidity. But the ameliorating effect  proved
temporary  and  European markets fell sharply in January  as  worries  continued
about  the  ramifications of US growth prospects. The US Federal  Reserve  acted
swiftly  and  decisively, making two very aggressive cuts in interest  rates  to
address market concerns.

Nevertheless, the European reporting season started well, especially for many of
our  holdings.  The  Trust's out-performance was a consequence  of  both  strong
results  from  our holdings (a reflection of their exposure to strongly  growing
markets around the world) and modest exposure to financials.

Alex Darwall
Fund Manager, Jupiter Asset Management Limited

Total Assets as at 29 February 2008: £176,758,138

Shares in Issue on 29 February 2008: 81,764,723

                      Net Asset Value (p)   Market Price (p)  Discount
Ordinary Shares*      216.18                207.50            (4)%

Portfolio Distribution on 29 February 2008 Percentage of Total Assets

France                         42%
United Kingdom                 18%
Denmark                        15%
The Netherlands                12%
Switzerland                    11%
Germany                        7%
Others                         17%
Cash and fixed interest        (22%)
                               100%

The Company's exposure to other UK listed investment companies was nil on 29
February 2008.

Top Ten Holdings on 29 February 2008

Company                    Country of Listing        %
Novo-Nordisk               Denmark                   9.7
Geophysique                France                    8.3
Elsevier                   The Netherlands           7.2
Neopost                    France                    7.0
Syngenta                   Switzerland               6.8
Johnson Matthey            United Kingdom            6.0
Euler Hermes               France                    5.7
Novozymes                  Denmark                   5.6
Intertek Group             United Kingdom            5.1
Essilor                    France                    4.6
                                                     _____
                                                     66.0

Comparative Performance to 29 February 2008

                      1 Month %   3 Months    1 Year %   3 Years    5 Years    Since       Since Last
                                  %                                            Launch %    Annual
                                                                                           Report %
Total Assets*         7.3         (2.5)       8.6        61.0       187.0      99.0        (3.7)
FTSE World Europe ex
UK Index              2.2         (7.3)       4.8        53.8       144.2      39.5        (7.4)
Ordinary Share NAV    7.3         (2.5)       8.6        66.6       228.6      128.4       (3.7)
Ordinary Share Price  11.3        (1.9)       7.1        69.0       279.0      104.4       (6.2)

*Adjusted  for  changes to share capital in September & October  2002,  March  &
April 2003, May & July 2007 and changes to amounts borrowed.

OBJECTIVE OF THE COMPANY

The  objective  of the Company is to invest in securities of European  companies
and  in  sectors  or geographical areas which are considered by  the  investment
manager to offer good prospects for capital growth, taking into account economic
trends and business development.

INVESTMENT POLICY

The  Investment  Manager adopts a stock picking approach in the  belief  that  a
thorough  analysis and understanding of a company is the best  way  to  identify
long-term   superior   earnings  prospects.  This  understanding   begins   with
identifying  those  companies  where  the  ownership  structure  and   incumbent
management  are  conducive to the realisation of the aim of  achieving  superior
long-term  earnings  growth.  The  Investment  Manager  will  seek  to  identify
companies which enjoy certain key business characteristics including some or all
of the following:

_  a  strong  management record and team, and the confidence that the Investment
Manager has in that management's ability to explain and account for its actions;

_  proprietary  technology  and  other  factors  which  indicate  a  sustainable
competitive advantage;

_  a reasonable expectation that demand for companies' products or services will
enhance long-term growth; and

_  an understanding that structural changes are likely to benefit that company's
prospects rather than have a negative impact on them.

It is intended that the Company will have some exposure to all the major sectors
of  the  European economy.  There may be sectors which do not enjoy the business
characteristics described above and in such circumstances the Investment Manager
will  seek to identify companies that are expected to generate superior earnings
growth within that sector.

In analysing potential investments, the Investment Manager will employ differing
valuation   techniques   depending   on  their   relevance   to   the   business
characteristics of a particular company. However, the underlying feature will be
the sustainability and growth of free cash-flow in the long-term.

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. 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  1 December 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 are listed on the London Stock Exchange  and  the
prices  are  published  in the Financial Times and The 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.