Issue of Equity

S:\CompSec\Announcements\Jupiter Euro Opps Trust\JEO - New issue - 16 May
                                                                        2007.doc
     Jupiter European Opportunities Trust PLC

     Issue of Equity

     The Company announces the allotment on 16th May 2007 of 500,000 Ordinary
     shares of 1 pence each under its block listing facility.  This represents
     0.62  per cent. of the Ordinary shares previously in issue.

     The shares were issued for cash at a price of 219.5 pence per Ordinary
     share. The diluted net asset value per Ordinary share as at the close of
     business on 14th May 2007 was 217.25p pence per share.

     A further 7,566,471 shares are available for issue under the Company's
     current block listing facility.

     The issued share capital of the Company now comprises 81,164,723 Ordinary
     shares.  This figure may be used by shareholders as the denominator for the
     calculations by which they will determine if they are required to notify
     their interest in the Company, or a change to their interest in the
     Company, under the FSA's Disclosure and Transparency Rules.

     For further information please contact:

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

     Jenny Thompson
     Company Secretary
     Jupiter Asset Management Limited
     [e-mail]
     020 7314 5565