Net Asset Value(s)

27th March 2006

The Company announces that the unaudited estimate of the total assets of Jupiter Second Enhanced Income Trust PLC as at
24th March 2006 is £80.015 million (including the net asset value attributable to the Zero Dividend Preference shares).
The net asset values of the various classes of shares are estimated to have been:

                                     Net Asset Value/Share (p)
Zero Dividend Preference Shares               64.85
Geared Income Shares                          62.52
Packaged Units                               127.37