Interim Management Statement

Jupiter Green Investment Trust PLC

Interim Management Review for the three months ended 30 June 2007

The  Board  of Jupiter Green Investment Trust PLC (the "Company") is pleased  to
announce its interim management review for the quarter ended 30 June 2007.

Shareholders will be aware that on 27 July 2007 the Board announced the  results
of  a placing and offer for subscription which resulted in the issue, on 30 July
2007,  of  24.25 million C Shares and 4,850,000 New Warrants (the "Issue").  The
total  assets  of the Company have, therefore, increased from the £34.8  million
that applied at the end of June 2007 to £58.1 million, as at 31 July 2007.  Full
details of the Issue were set out in a prospectus which was published on 4  July
2007, copies of which are available on request from the Company Secretary.

The  following  report  relates to the performance of the  Company's  investment
portfolio in the three months leading up to 30 June 2007.

Investment Manager's Report for the Quarter Ended 30 June 2007

For  the  period  from  1  April 2007 to the 30 June 2007,  the  return  on  the
Company's Total Assets was 6.6 per cent.* compared to a return of 4.1 per cent.*
for the Company's composite benchmark index**.

Market and Policy Review

The   Company  made  further  gains  this  quarter,  despite  a  more  difficult
environment.  A more hawkish mood in central banks in the UK and Europe  worried
investors  somewhat and larger cap stocks significantly outperformed  small  and
mid caps during the quarter.

We  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 Company are clean energy,  water
management,  waste  management, sustainable living, environmental  services  and
green transport.

Inter-governmental action to tackle climate change continues to grow and we  are
seeing increasing legislation out of the US and China, particularly in the  area
of renewable energy. In the US, President Bush is proposing measures which would
see a fivefold increase in the use of alternative fuels by 2017, while China has
set targets to source 15 per cent. of its electricity from renewable sources  by
2020  at  a  cost  of  some US$184 billion per annum. This is strengthening  the
operating  environments  for  many  holdings  within  the  clean  energy  theme,
including  Nordex  (wind), Vestas Wind Systems, Gamesa  Corporacion  Tecnologica
(wind), Fuel-Tech (clean combustion)*** and SunPower (solar)***.

The  fundamentals behind the green transport theme remain positive.  Rising  oil
prices,  targets  to  cut CO2 emissions generated by the transport  sector,  and
pressure on governments to reduce congestion and promote greater use of bus  and
train  networks continue to underpin our investment case as regards this  theme.
Several  green transport holdings should benefit from ever increasing  focus  on
the  sector.  However,  during  the quarter, the performance  of  the  Company's
holdings in Go-Ahead, National Express and FirstGroup was lacklustre.

The  water  management  theme continues to suffer  from  a  lack  of  investment
opportunities following a long period of consolidation. We believe the long-term
growth potential of this part of the market market remains sound as companies in
this  theme are important contributors to the supply of sustainable,  clean  and
potable water throughout the world.

Holdings  within the environmental services theme were mixed with  RPS,  Stantec
and  Atkins (WS) posting gains, while Latchways ended lower on thin volume. This
theme continues to benefit from heightened infrastructure activity worldwide and
increased  legislation  requiring environmental  assessment  during  public  and
private sector projects.

In  the  waste  management  theme, Casella Waste***  made  gains,  while  Shanks
retreated  after  making  good gains last quarter. There  are  several  emerging
opportunities  for companies operating in this theme. Some of  these  will  come
from the recent revisions to the UK government's recycling and energy from waste
targets announced by former Environment Secretary David Milliband as part of his
waste strategy for England.

Finally,  within our sustainable living theme, we continue to see evidence  that
green  consumption is expanding. Organic food sales in both the UK and  US,  for
example,  continue  to  grow  well above trend for total  food  sales  in  these
markets.  We  have  exposure to this trend through core  holding  Cranswick  and
holdings   in  Whole  Foods  Market***  and  United  Natural  Foods***.   Recent
performance  of  these  holdings  has  been disappointing,  however,  with  each
drifting lower during the quarter.

Investment Outlook

Politicians, corporations and consumers are increasingly aware of, and  reacting
to,  climate  change  issues.  The strength of  the  drivers  in  the  area  was
underlined  by  the fact that climate change was high on the agenda  at  the  G8
Summit  in  May and we have seen a step up in legislation in the  US  and  Asia.
Additionally,  we  are  seeing  an acceleration of  consumer  demand  for  green
products  and  services  -  a  change which is yet  to  be  reflected  in  stock
valuations.  Growth  in  consumer  demand in  the  area  of  climate  change  is
potentially very positive for investors in SRI funds.

Charles Thomas
Fund Manager, Jupiter Asset Management Limited

Sources
*  Jupiter Asset Management Limited ("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.
***  Positions held in the Winslow portfolio. All other positions mentioned  are
held directly within the portfolio managed by Jupiter.

Total Assets as at 30 June 2007: £34,809,283

                                                         % of Total Assets
Jupiter Managed Portfolio             £26,218,787             75.3
Winslow Managed Portfolio              £8,590,496             24.7

Shares in Issue on 30 June 2007

                              Net Asset Value (p)        Market Price (p)        Premium/(Discount)
Ordinary (undiluted)          126.54                     127.50                  1%
Ordinary (diluted)            122.46                     127.50
Warrants                       n/a                        51.50                  n/a

Portfolio Distribution on 30 June 2007

United Kingdom                    44%
North America                     30%
Europe                            14%
Japan                              5%
Other                              3%
Cash and fixed interest            4%
                                 ___
                                 100%

The Company's exposure to other UK listed investment companies was nil on 30
June 2007.

Top Ten Holdings on 30 June 2007

Company                        Country of Listing           %
RPS Group                      United Kingdom               4.0
Cranswick                      United Kingdom               3.6
Atkins Group                   United Kingdom               3.2
Keller Group                   United Kingdom               3.1
Novera Energy                  United Kingdom               2.9
Gamesa Corp                    Spain                        2.9
Nordex AG                      Germany                      2.8
Vestas Wind System             Denmark                      2.6
Firstgroup                     United Kingdom               2.6
Novozymes A/S                  Denmark                      2.5
                                                           ____
                                                           30.2

Comparative Performance to 30 June 2007
                                                                                     Last Annual
                                1 Month %    3 Months %   1 Year %   Since Launch %    Report %

Total Assets*                     (1.5)         6.6         29.0          30.4            6.6
FTSE World Smaller Cos - Ex US
Index                             (1.9)         4.5         24.7          26.9            4.5
Russell 2500 Growth Index         (3.2)         2.9          9.3          12.0            2.9
Composite Index                   (2.2)         4.1         20.9          23.3            4.1
Ordinary Share NAV                (1.5)         6.6         29.0          30.4            6.6
Ordinary Share Price              (0.2)         7.6         32.1          27.5            7.6
Warrant Price                     (0.5)        28.0         87.3         145.2           28.0

*Adjusted for new share issues in September 2006, November 2006 and April 2007.

Material Events Since 30 June 2007

At  an Extraordinary General Meeting held on Friday 27th July 2007, shareholders
approved  a Special Resolution relating to the issue of C Shares in the  Company
by way of a Placing and Offer for Subscription.  The C Shares were offered at  a
price of 100 pence per C Share together with New Warrants attached on a one-for-
five basis.

A  total  of  24,250,000  C  Shares were allotted on  30  July  2007,  of  which
21,274,572 were allotted pursuant to the Placing to institutional investors  and
2,975,428 were allotted under an Offer for Subscription to the public.  A  total
of 4,850,000 New Warrants have been issued on a one-for-five basis together with
the C Shares.

The  Board  is  not aware of any other significant events or transactions  which
have  occurred between 30 June 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, C shares, Warrants and New 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 and C 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

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

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.