Interim Management Statement

Jupiter European Opportunities Trust PLC

Interim Management Review for the three months ended 28 February 2009

The Board of Jupiter European Opportunities Trust PLC (the "Company")
is pleased to announce its interim management review for the  quarter
ended 28 February 2009.

During the  period from  1 December  2008 to  28 February  2009,  the
Company's net asset value per share rose by 3.3 per cent. to 130.30p,
which compares  with  a fall  of  9.5  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 28 February 2009

The sharp  fall  in  market  values  in  this  period  reflected  the
continuing strongly  negative view  that investors  took of  economic
developments. Despite the popular  appeal of newly elected  President
Obama and the confident pronouncements of other Western leaders  like
the UK's Gordon Brown, markets were  not persuaded. There was a  good
deal of confusion and fear amongst investors.

Nevertheless, there  are still  companies that  are forecasting  good
sales and profits  growth this year  in spite of  the tough  economic
backdrop. Those which provide cost saving products and solutions  for
their customers are  doing well (generally  speaking). And there  are
others which benefit  from the higher  levels of public  expenditure.
There are good investment opportunities for those with the  requisite
amount of  patience.  The latest  proposals  from the  U.S.  Treasury
Secretary, Tim Geithner, aimed at reducing the "toxic waste"  content
of American banks' balance sheets, may also tip the balance in favour
of more optimism over coming weeks.

Borrowings have  been  reduced in  recent  months but  we  intend  to
maintain an  element  of  gearing  in  order  to  take  advantage  of
depressed market levels and  the excellent medium term  opportunities
which we can identify.

Alex Darwall
Fund Manager, Jupiter Asset Management Limited

Total Assets as at 28 February 2009: £105,590,141

Shares in Issue on 28 February 2009: 81,034,523


+-------------------------------------------------------------------+
|                  | Net Asset Value   | Market Price    | Discount |
|                  | (p)               | (p)             |          |
|------------------+-------------------+-----------------+----------|
| Ordinary Shares* | 130.30            | 102.00          | (22)%    |
+-------------------------------------------------------------------+


Portfolio Distribution on 28 February 2009 Percentage of Total Assets


France                  40%
United Kingdom          39%
Denmark                 17%
The Netherlands         16%
Switzerland             15%
Germany                 10%
Norway                  8%
Others                  3%
Cash and fixed interest (48%)
                        100%


The Company's exposure to other UK listed investment companies was
nil on 28 February 2009.

Top Ten Holdings on 28 February 2009


Company         Country of Listing %
Syngenta        Switzerland        13.0
Neopost         France             11.6
Intertek Group  United Kingdom     9.4
Elsevier        The Netherlands    9.0
Novozymes       Denmark            8.9
Novo-Nordisk    Denmark            7.6
Halfords        United Kingdom     7.5
Johnson Matthey United Kingdom     7.3
Geophysique     France             6.9
Ingenico        France             6.8
                                   _____
                                   88.0


Comparative Performance to 28 February 2009


                1 Month 3 Months 1 Year 3 Years 5     Since  Since
                %       %        %              Years Launch Last
                                                      %      Annual
                                                             Report %
Total Assets*   (3.0)   3.3      (39.7) 2.5     52.6  59.3   (43.5)
FTSE World
Europe ex UK
Index           (10.1)  (9.5)    (35.2) (22.2)  15.6  (9.5)  (39.8)
Ordinary Share  (3.0)   3.3      (39.7) (22.1)  20.6  37.7   (43.5)
NAV
Ordinary Share  (7.3)   (4.7)    (50.8) (38.7)  8.5   0.5    (53.5)
Price


*Adjusted for changes to share  capital in September & October  2002,
March & April 2003, May &  July 2007, October 2008 and February  2009
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 most  of
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

During the period under review the Company purchased for cancellation
the following shares:


+-----------------------------------------------------------+
| Date            | Number of shares | Price Paid Per share |
|-----------------+------------------+----------------------|
| 6 February 2009 | 30,200           | 114.798p             |
|-----------------+------------------+----------------------|
| 23 March 2009   | 15,000           | 106p                 |
+-----------------------------------------------------------+


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.

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