Interim Management Statement

Jupiter Green Investment Trust PLC
     Interim Management Statement for the three months to 31 December 2010


The  Board of Jupiter Green  Investment Trust PLC (the  "Company") is pleased to
announce its interim management statement for the three months ended 31 December
2010.

Material Events

During the period the Interim Report for the six months ended 30 September 2010
was  published. In  addition a  circular was  sent to shareholders on 9 February
2011 to  convene  a  General  Meeting  of  the  Company  to  renew the Company's
authority  to repurchase  its own  ordinary shares.  The General Meeting will be
held on 10 March 2011.

There  were no other material  events or transactions that  have impacted on the
financial position of the Company during the period.


Investment Manager's Report

Performance Review
For  the three months ended 31 December 2010 the  total return for the Trust was
12.9 per  cent.*  compared  to  a  return  of  15.0 per  cent.*  for the Trust's
benchmark index, the MSCI World Small Cap Index.

Market and Policy Review
Global  equities made solid  gains in the  final quarter of  2010. As the period
opened,  the prospect of  further quantitative easing  by the US Federal Reserve
sustained  the market  rally. However,  in mid  November, fears about peripheral
Europe's  sovereign debt problems resurfaced and  dealt a heavy blow to investor
confidence.  This was exacerbated by indecision from the EU authorities over how
to  aid  Ireland  in  particular  and  indications by the German government that
bondholders  might  have  to  share  the  pain  of a bailout. Meanwhile, ongoing
measures  by the People's Bank  of China to curb  inflation added to the general
nervousness  among investors. Following  the rescue of  the Irish banking system
with  loans from  the IMF  and the  UK, equity  markets stabilised  somewhat and
improved  economic data in  the US unpinned  a broad based  end of year rally in
equity   markets.  At  the  sector  level,  basic  materials  and  oil  and  gas
significantly  outperformed while  defensive sectors  (health care, telecoms and
utilities) generally underperformed.

Fund performance
The portfolio made good progress in a volatile market. Performance was helped by
a  number  of  companies  announcing  positive  profit  results.  These included
Latchways  (environmental services), Whole Foods Market (sustainable living) and
NSK  (clean  energy).  Elsewhere,  Horsehead  Holdings (waste management), which
produces  zinc from recycled sources,  made good progress on  the back of rising
commodity prices.

Less  successful  was  Vestas  Wind  Systems  (clean energy) which reported very
strong  third quarter results, but was sold off on ongoing uncertainty about the
order  outlook for  the wind  sector. While  the stock  is not immune to further
regulatory and GDP risk, we believe it has the potential to outperform its peers
should  the  economic  recovery  become  more  sustainable in 2011. Itron (clean
energy)  was weak despite reasonable  results as short term  demand in the smart
grid  space appeared  to be  reaching a  plateau. Core  US holding,  First Solar
(clean  energy)  ended  the  period  lower  on  concern  about  cuts to stimulus
programmes in the US. The stock has since recovered strongly.

We  made  some  minor  adjustments  to  the  portfolio  during  the  period.  We
established a position in China Suntien Green Energy (clean energy) which offers
exposure  to a number of  Chinese wind projects. The  company also attracts high
quality  earnings in its gas business. We  added to several holdings we believed
to  be  undervalued  including  Hansen  Transmissions  (clean energy), and waste
management businesses Newalta and Daiseki. These purchases were funded through a
combination  of profit taking and moderate  consolidation of our exposure to the
wind sector where we exited our holding in Gamesa.


Investment Outlook
In  the near  term, an  improvement in  US economic  growth and  greater clarity
surrounding  subsidies  in  the  West  could  lead  to  a  rerating  of  several
environmental  solutions businesses in 2011. With  the outlook improving for the
global  economy, commodity  and energy  price inflation  has returned (floods in
Australia  have also  impeded supply).  This, coupled  with the  need to address
energy  security  issues  and  create  jobs,  strengthens  the  case for Western
governments to facilitate investment in alternative energy and energy efficiency
projects.   Meanwhile,   China's  accelerated  growth  in  the  green  solutions
marketplace continues to provide new opportunities for investment and is helping
to  drive innovation globally.  While the environmental  solutions sector is not
immune  to any setbacks that  may still occur in  the global economy in 2011, we
believe the longer term outlook remains very positive.

Charles Thomas
Jupiter Asset Management Limited
Investment Adviser
18 February 2011

Total Assets as at 31 December 2010: £38,670,431

Shares in Issue

Shares bought back in the period                 6,453,171
Share in issue as at 31 December 2010                37,681,592
Shares held in Treasury at 31 December 2010    3,264,834
Total Voting rights as at 31 December 2010  34,416,758

                           Net Asset Value  Market Price (p) Premium/ (Discount)
                           (p)

Ordinary (undiluted)       112.36
excluding income/expenses

Ordinary (undiluted)       113.19
including income/expenses
                                            93.00            (17%)
Ordinary (diluted)         109.95
excluding income/expenses

Ordinary (diluted)         110.62
including income/expenses

Warrants                   n/a              5.00             n/a


Portfolio Distribution on 31 December 2010

 United Kingdom            27%

 North America             39%

 Europe                    21%

 Japan                     8%

 Other                     5%

 Cash and fixed interest   0%
--------------------------------
                           100%

The Company's exposure to other UK listed investment companies was nil on 31
December 2010.


Top Ten Holdings on 31 December 2010

Company                 Country of Listing Activity           % of total assets

Cranswick               United Kingdom     Sustainable Living 3.8

Novozymes               Denmark            Clean Energy       3.3

First Solar             United States      Clean Energy       3.0


First Group             United Kingdom     Green Transport    2.8

Horsehead Holdings      United Kingdom     Waste Management   2.7

National Express        United Kingdom     Green Transport    2.4

Schnitzer Steel         United States      Waste              2.4

Kurita Water Industries Japan              Water Management   2.3

Johnson Matthey         United Kingdom     Green Transport    2.3

Green Mountain Coffee   United States      Sustainable living 2.3

                                                              27.3


Comparative Performance to 31 December 2010

                                          Three    One year % Since launch %
                                          months %

Total Assets*                             12.9     8.0        15.8

MSCI World Small Cap Index (total return) 15.0     28.8       34.2

Ordinary Share NAV                        12.9     8.0        15.8

Ordinary Share Price                      15.2     7.8        (7.0)

Warrant Price                             233.0    (9.1)      (76.2)


* Performance adjusted for share issue/cancellation since launch

The Company's Investment Objective

The  Company's  investment  objective  is  to  generate long-term capital growth
through a diverse portfolio of companies providing environmental solutions.

The Company's Investment Policy

The  Company invests  globally in  companies which  have a  significant focus on
environmental   solutions   such   as  Clean  Energy,  Water  Management,  Waste
Management,  Sustainable Living, Environmental Services and Green Transport. The
Company is focused on the following six green investment themes:

· Clean Energy
Stand alone power and back-up systems based on wind, solar, flywheels, batteries
and fuel cells; bio-fuels; insulation materials; energy efficiency technologies.

· Water Management
Water  and wastewater services including  sewerage and treatment infrastructure;
new technology-based solutions such as membranes and UV disinfection.

· Waste Management
Waste  reduction and associated technologies; recycling and resource management;
recycled materials.

· Sustainable Living
Healthy  lifestyle sector  including organic  foods, complementary medicines and
healthcare.

· Environmental Services
Companies   directly   benefiting   from  increased  environmental  legislation,
including environmental consultancies and providers of safety equipment.

· Green Transport
Integrated  public transport  systems; vehicle  emissions and  energy efficiency
control technologies.

The  Company's  portfolio  has  a  bias  towards small and medium capitalisation
companies. It invests primarily in securities which are quoted, listed or traded
on  a recognised  exchange. However,  up to  5 per cent.  of the Company's Total
Assets  (at the time of such investment) may be invested in unlisted securities.
No such investments have been made to date.

Company Information

Year end:31 March

Results:         interim results  to 30 September 2011 announced November 2011;
final results to 31 March 2011, announced June/July 2011

Monthly   fact   sheets   for   the   Company   are   available   for   download
fromwww.jupiteronline.co.uk  and  by  post  or  fax  on request from the company
secretarial department.

The  Company's  Ordinary  shares  and  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 shares are calculated daily and
can be viewed on the London Stock Exchange website atwww.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

Faith Pengelly
Company Secretarial Department
Jupiter Asset Management Limited
[e-mail]
020 7314 4915

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.

By order of the Board
Jupiter Asset Management Limited
18 February 2011






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Source: Jupiter Green Investment Trust PLC via Thomson Reuters ONE

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