Transaction in Own Shares

For filings with the FSA include the
 annex

 For filings with issuer exclude the
 annex


+------------------------------------------------------------------------------+
|TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi                               |
+------------------------------------------------------------------------------+

+---------------------------------------------+--------------------------------+
|1. Identity of the issuer or the underlying  |                                |
|issuer                                       |  Jupiter European Opportunities|
|of existing shares to which voting rights are|                       Trust PLC|
|attached: ii                                 |                                |
+---------------------------------------------+--------------------------------+
|2 Reason for the notification (please tick the appropriate box or boxes):     |
+-----------------------------------------------------------------+------------+
|An acquisition or disposal of voting rights                      |     X      |
+-----------------------------------------------------------------+------------+
|An acquisition or disposal of qualifying financial instruments   |            |
|which may result in the acquisition of shares already issued to  |            |
|which voting rights are attached                                 |            |
+-----------------------------------------------------------------+------------+
|An acquisition or disposal of instruments with similar economic  |            |
|effect to qualifying financial instruments                       |            |
+-----------------------------------------------------------------+------------+
|An event changing the breakdown of voting rights                 |            |
+-----------------------------------------------------------------+------------+
|Other (please specify):                                          |            |
+--------------------------------------+--------------------------+------------+
|3. Full name of person(s) subject to  |       Jupiter Asset Management Limited|
|the                                   |                            ("Jupiter")|
|notification obligation: iii          |                                       |
+--------------------------------------+---------------------------------------+
|4. Full name of shareholder(s)        |                                       |
|(if different from 3.):iv             |                                       |
+--------------------------------------+---------------------------------------+
|5. Date of the transaction and date on|                                       |
|which the threshold is crossed or     |                        15 October 2010|
|reached: v                            |                                       |
+--------------------------------------+---------------------------------------+
|6. Date on which issuer notified:     |                        18 October 2010|
+--------------------------------------+---------------------------------------+
|7. Threshold(s) that is/are crossed or|                                    15%|
|reached: vi, vii                      |                                       |
+--------------------------------------+---------------------------------------+






+------------------------------------------------------------------------------+
|8. Notified details:                                                          |
+------------------------------------------------------------------------------+
|A: Voting rights attached to shares viii, ix                                  |
+-------------+-----------------------+----------------------------------------+
|Class/type of|Situation previous     |Resulting situation after the triggering|
|shares       |to the triggering      |transaction                             |
|             |transaction            |                                        |
|if possible  +-----------+-----------+------+-----------------+---------------+
|using        |Number     |Number     |Number|Number of voting |% of  voting   |
|the ISIN CODE|of         |of         |of    |rights           |rights x       |
|             |Shares     |Voting     |shares|                 |               |
|             |           |R ghts     +------+------+----------+------+--------+
|             |           |           |Direct|Direct|Indirect  |Direct|Indirect|
|             |           |           |      |xi    |xii       |      |        |
+-------------+-----------+-----------+------+------+----------+------+--------+
|GB0000197722 |13,003,454 |13,003,454 |  0   |  0   |12,428,454|  0   |15.571% |
|             |           |           |      |      |          |      |        |
|Ordinary     |           |           |      |      |          |      |        |
|             |           |           |      |      |          |      |        |
|             |           |           |      |      |          |      |        |
|             |           |           |      |      |          |      |        |
+-------------+-----------+-----------+------+------+----------+------+--------+

+------------------------------------------------------------------------------+
|B: Qualifying Financial Instruments                                           |
+------------------------------------------------------------------------------+
|Resulting situation after the triggering transaction                          |
+---------------+-----------+--------------------+---------------+-------------+
|Type of        |Expiration |Exercise/           |Number of      |% of voting  |
|financial      |date xiii  |Conversion Period   |voting         |rights       |
|instrument     |           |xiv                 |rights that may|             |
|               |           |                    |be             |             |
|               |           |                    |acquired if the|             |
|               |           |                    |instrument is  |             |
|               |           |                    |exercised/     |             |
|               |           |                    |converted.     |             |
+---------------+-----------+--------------------+---------------+-------------+
|      n/a      |    n/a    |        n/a         |      n/a      |     n/a     |
+---------------+-----------+--------------------+---------------+-------------+

+------------------------------------------------------------------------------+
|C: Financial Instruments with similar economic effect to Qualifying Financial |
|Instruments xv, xvi                                                           |
+------------------------------------------------------------------------------+
|Resulting situation after the triggering transaction                          |
+--------------+----------+----------+----------+---------------+--------------+
|Type of       |Exercise  |Expiration|Exercise/ |Number of      |% of voting   |
|financial     |price     |date xvii |Conversion|voting rights  |rights xix, xx|
|instrument    |          |          |period    |instrument     |              |
|              |          |          |xviii     |refers to      |              |
|              |          |          |          |               |              |
+--------------+----------+----------+----------+---------------+-------+------+
|     n/a      |   n/a    |   n/a    |   n/a    |      n/a      |Nominal|Delta |
|              |          |          |          |               +-------+------+
|              |          |          |          |               |       |      |
|              |          |          |          |               |       |      |
+--------------+----------+----------+----------+---------------+-------+------+

+------------------------------------------------------------------------------+
|Total (A+B+C)                                                                 |
+--------------------------------------+---------------------------------------+
|Number of voting rights               |Percentage of voting rights            |
+--------------------------------------+---------------------------------------+
|                                      |                                       |
|12,428,454                            |15.571%                                |
|                                      |                                       |
+--------------------------------------+---------------------------------------+

+------------------------------------------------------------------------------+
|9. Chain of controlled undertakings through which the voting rights and/or the|
|financial instruments are effectively held, if applicable: xxi                |
+------------------------------------------------------------------------------+
|                                                                              |
|The shares will appear on the register in the names of Nortrust Nominees      |
|Limited                                                                       |
|                                                                              |
|Of the 12,428,454 Ordinary shares held by Jupiter, 3,835,579 are held on      |
|behalf of a client of Jupiter's, Mr Alexander Darwall and his family.  Mr     |
|Alexander Darwall is a director of Jupiter European Opportunities Trust PLC.  |
+------------------------------------------------------------------------------+

+------------------------------------------------------------------------------+
|Proxy Voting:                                                                 |
+------------------------------------------------+-----------------------------+
|10. Name of the proxy holder:                   |                             |
+------------------------------------------------+-----------------------------+
|11. Number of voting rights proxy holder will   |                             |
|cease                                           |                             |
|to hold:                                        |                             |
+------------------------------------------------+-----------------------------+
|12. Date on which proxy holder will cease to    |                             |
|hold                                            |                             |
|voting rights:                                  |                             |
+------------------------------------------------+-----------------------------+

+-----------------------------+------------------------------------------------+
|                             |                                                |
|13. Additional information:  |                                                |
+-----------------------------+------------------------------------------------+
|14. Contact name:            |Faith Pengelly                                  |
+-----------------------------+------------------------------------------------+
|15. Contact telephone number:|0207 314 4915                                   |
+-----------------------------+------------------------------------------------+

 Note: Annex should only be submitted to the FSA not the issuer

 Annex: Notification of major interests in sharesxxii


+------------------------------------------------------------------------------+
|A: Identity of the persons or legal entity subject to the notification        |
|obligation                                                                    |
+-----------------------------------------+------------------------------------+
|Full name                                |                                    |
|(including legal form of legal entities) |    Jupiter Asset Management Limited|
|                                         |                                    |
+-----------------------------------------+------------------------------------+
|Contact address                          |                                    |
|(registered office for legal entities)   |  1 Grosvenor Place, London SW1X 7JJ|
|                                         |                                    |
+-----------------------------------------+------------------------------------+
|Phone number & email                     |                       0207 412 0703|
|                                         |                                    |
+-----------------------------------------+------------------------------------+
|Other useful information                 |                                    |
|(at least legal representative for legal |                                    |
|persons)                                 |                                    |
|                                         |                                    |
+-----------------------------------------+------------------------------------+

+------------------------------------------------------------------------------+
|B: Identity of the notifier, if applicable                                    |
+-----------------------------------------+------------------------------------+
|Full name                                |                      Faith Pengelly|
|                                         |                                    |
+-----------------------------------------+------------------------------------+
|Contact address                          |  1 Grosvenor Place, London SW1X 7JJ|
|                                         |                                    |
+-----------------------------------------+------------------------------------+
|Phone number & email                     |                       0207 314 4915|
|                                         |Email: [e-mail]|
+-----------------------------------------+------------------------------------+
|Other useful information                 |                                    |
|(e.g. functional relationship with the   |                                    |
|person or legal entity subject to the    |                                    |
|notification obligation)                 |                                    |
+-----------------------------------------+------------------------------------+

+------------------------------------------------------------------------------+
|C: Additional information                                                     |
+------------------------------------------------------------------------------+
|                                                                              |
+------------------------------------------------------------------------------+
 For notes on how to complete form TR-1 please see the FSA website.




[HUG#1452771]








This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
    
Source: Jupiter European Opportunities Trust PLC via Thomson Reuters ONE