Jupiter Cash Fund

Jupiter Second Enhanced Inc.Tst.PLC
04 July 2005


4 July 2005

Jupiter Second Enhanced Income Trust PLC - Creation Price for Jupiter Cash Fund

Jupiter Second Enhanced Income Trust PLC (the 'Company') announces that, in
relation to the Section 110 scheme of arrangement (the 'Scheme') of Martin
Currie Enhanced Income Trust Plc ('Martin Currie Enhanced') which became
effective on 30th June 2005:

   •Ordinary Shareholders in Martin Currie Enhanced electing for Geared
    Income shares in the Company will receive approximately 1.338 Geared Income
    shares per Martin Currie Enhanced Ordinary Share;

   •Ordinary Shareholders in Martin Currie Enhanced that elected (or were
    deemed to have elected) for Packaged Units in the Company will receive
    approximately 0.551 Packaged Units per Martin Currie Enhanced Ordinary
    Share; and

   •Ordinary Shareholders in Martin Currie Enhanced electing for units in the
    Jupiter Cash Fund will receive approximately 0.968 Jupiter Cash Fund units
    per Martin Currie Enhanced Ordinary Share.

The creation price for units in the Jupiter Cash Fund issued in relation to the
Scheme was 62.67p;

   •ZDP Shareholders in Martin Currie Enhanced that elected (or were deemed
    to have elected) for ZDPs in the Company but which were scaled back into
    units in the Jupiter Cash Fund will receive approximately 0.612 ZDPs in the
    Company and 1.900 Jupiter Cash Fund units per Martin Currie Enhanced ZDP
    Share;

   •ZDP Shareholders in Martin Currie Enhanced that elected (or were deemed
    to have elected) for ZDPs in the Company but which were scaled back into
    Packaged Units in the Company will receive approximately 0.612 ZDPs in the
    Company and 1.082 Packaged Units in the Company per Martin Currie Enhanced
    ZDP Share;

   •ZDP Shareholders in Martin Currie Enhanced electing for Packaged Units in
    the Company will receive approximately 1.442 Packaged Units per Martin
    Currie Enhanced ZDP Share; and

   •ZDP Shareholders Martin Currie Enhanced electing for units in the Jupiter
    Cash Fund will receive approximately 2.532 Jupiter Cash Fund units per
    Martin Currie Enhanced ZDP Share.

Enquiries:

Richard Pavry
Jupiter Asset Management Limited
020 7412 0703
[e-mail]

Chris Day
Deloitte & Touche LLP, liquidators to Martin Currie Enhanced
020 7007 2548
[e-mail]





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