Net Asset Value(s)

27th October 2008

The Company announces that the unaudited estimate of the total assets of Jupiter Second Enhanced Income Trust PLC as at
24th October 2008 is £53.611 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                                           78.18
Geared Income Shares      - excluding income and expenses                 7.15
                          - including income and expenses                 8.52
Packaged Units            - excluding income and expenses                85.33
                          - including income and expenses                86.70


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

Enquiries:

Timothy Georghiou
Company Secretarial Department
Jupiter Asset Management Limited