Conversion of Securities Conversion of C Shares

Jupiter Green Investment Trust PLC - Conversion of C Shares

Jupiter  Green Investment Trust PLC (the "Company") is pleased to announce  that
following  the admission of the C Shares to the Official List and to the  London
Stock  Exchange on 30 July 2007, the Company's Investment Manager, Jupiter Asset
Management Limited, notified the Directors on 24 October 2007 that more than  80
per  cent. of the net proceeds of the C share issue had been invested in  assets
selected by them.  Therefore, and in accordance with the terms of the C  Shares,
the  Directors  have determined that the Calculation Date for the conversion  of
the  C Shares into Ordinary Shares will be 24 October 2007.  The conversion will
be  made  on  the basis of the respective net asset values of the C  Shares  and
Ordinary Shares as at the close of business on the Calculation Date.

A  further announcement will be made in due course notifying the Conversion Date
and setting out details of the Conversion, the respective Net Asset Values as at
24  October  2007,  the  Conversion Ratio, the numbers of  Ordinary  Shares  and
Deferred  Shares to which each C Shareholder will be entitled on Conversion  and
the  numbers  of  Warrants to which each New Warrantholder will be  entitled  on
Conversion.

Further  details of the conversion and rights attaching to the C Shares and  the
New  Warrants are set out in the Company's prospectus in relation to the placing
and  offer for subscription dated 4 July 2007 (the "Prospectus").  Terms defined
in  the  Prospectus have the same meaning in this announcement unless  otherwise
defined.

For further information, please contact:

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

Jonathan McGuire
Company Secretary
Jupiter Asset Management Limited
[e-mail]
020 7314 4773

Alastair Moreton
Director, Corporate Finance
Arbuthnot Securities Limited
[e-mail]
020 7012 2000

Issued share Capital for the Purposes of the Disclosure and Transparency Rules

The  following  figures  may  be used by shareholders  in  the  Company  as  the
denominator  for  the  calculations by which they will  determine  if  they  are
required  to  notify their interest in, or a change to their  interest  in,  the
share  capital of the Company under the Financial Service Authority's Disclosure
and Transparency Rules

Ordinary Shares

27,540,428 in issue.

ISIN: GB00B120GL77
Sedol Number: BL120GL7
Ticker: JGC/LON

C Shares

24,250,000 in issue.

ISIN: GB00BIZ97071
Sedol Number: BIZ9707
Ticker: JGCC/LON

Existing Warrants

4,973,621 in issue.

ISIN: GB00B120H360
Sedol Number: B120H36
Ticker: JGCW/LON

New Warrants

4,850,000 in issue.

ISIN: GB00BIZ97303
Sedol Number: BIZ9730
Ticker: JGCX/LON

Arbuthnot Securities Limited is acting as sponsor, broker and financial  adviser
to the Company.  Arbuthnot Securities Limited, which is authorised and regulated
in  the  United Kingdom by the Financial Services Authority, is acting  for  the
Company  only and will not be responsible to any other person for providing  the
protections  afforded  to  customers  of Arbuthnot  Securities  Limited  or  for
advising such person on the matters referred to in this announcement.