Net Asset Value(s)

15 December 2008

The Company announces that the unaudited estimate of the total assets
of Jupiter Second Enhanced Income Trust PLC as at the close of
business on 12 December 2008 was £56.395 million (including the net
asset value attributable to the Zero Dividend Preference shares).
The net asset values of the various classes of shares are estimated
to have been:


+-------------------------------------------------------------------+
|                   |                             |    Net Asset    |
|                   |                             | Value/Share (p) |
|-------------------+-----------------------------+-----------------|
| Zero Dividend     |                             |                 |
| Preference Shares |                             |      78.94      |
|-------------------+-----------------------------+-----------------|
| Geared Growth     | - excluding income &        |                 |
| Shares            | expenses                    |        10.82    |
|-------------------+-----------------------------+-----------------|
|                   | - including income &        |          9.29   |
|                   | expenses                    |                 |
|-------------------+-----------------------------+-----------------|
| Packaged Units    | - excluding income &        |      89.76      |
|                   | expenses                    |                 |
|-------------------+-----------------------------+-----------------|
|                   | - including income &        |      88.23      |
|                   | expenses                    |                 |
+-------------------------------------------------------------------+


Monthly fact sheets for Jupiter's investment trust clients are
available for download from www.jupiteronline.co.uk and by post of
fax on request from the company secretarial department.

Enquiries:

Jenny Thompson
Company Secretarial Department
Jupiter Asset Management Limited
[e-mail]
0207-314-5565

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