Results of elections and scaling back

Jupiter Second Enhanced Income Trust plc

26 October 2009

Notice of Reclassification of Shares

As previously  advised, it  was resolved  at the  Class Meetings  and
General Meeting held on 23 October that the Company will undertake  a
winding up and reconstruction. The directors announce that  elections
have been received in respect of the reconstruction and rollover into
Jupiter Second Split Trust PLC as follows:

Elections to roll over:

*          44,162,903 Zero Dividend Preference Shares
*          40,686,507 Geared Income shares

Elections for cash:

*          18,659,181 Zero Dividend Preference Shares
*          22,135,577 Geared Income shares

Reclassification of the  shares in  accordance with  the Scheme  will
take effect from 8 a.m. on 2 November 2009. Application has been made
to the UK Listing  Authority, to amend the  Official List to  reflect
the  necessary  share  reclassification,  and  to  the  London  Stock
Exchange, to allow trading in the Company's shares to recommence. The
Company's shares will be reclassified as follows:

*          40,990,250 ZDP Shares with 'A' rights (rolling into new
  Zero Dividend Preference shares in JSS) - GB00B4139B90
*          2,755,674 ZDP Shares with 'B' rights (rolling into
  Packaged Units in JSS) - GB00B41RDQ43
*          18,659,181 ZDP Shares with 'C' rights (electing for cash)
  - GB00B4138G70
*          416,979 ZDP Shares with 'D' rights (rolling into new
  Geared Ordinary shares in JSS) - GB00B41MSN10
*          31,259,751 Geared Income Shares with 'E' rights (rolling
  into new Geared Ordinary shares in JSS) - GB00B40YYK79
*          752,632 Geared Income Shares with 'F' rights rolling into
  Packaged Units)- GB00B40Z0Z76
*          22,135,577 Geared Income Shares with 'G' rights (electing
  for cash) - GB00B40Y2W54
*          8,674124 Geared Income Shares with 'H' rights (rolling
  into new Zero Dividend Preference shares) - GB00B411FC69

No Scaling Back

There will be  no scaling back  of elections under  the Scheme.   The
reclassified shares  individual rights  are set  out in  full in  the
Circular of 11 September 2009.

Formula Asset Values

The Formula Asset Value of the Geared Income shares for the  purposes
of  the  Scheme  was  10.63926978  pence  per  Share  and  the  final
entitlement of the  Zero Dividend Preference  shares was  84.13750615
pence per Share.

Settlement

Reclassified securities will be  issued in uncertificated form.  Only
CREST accounts will be credited with the reclassified securities on 2
November.

Shareholders who  have elected  to rollover  their investment  in  to
Jupiter Second Split Trust plc will be issued with share certificates
as soon as  is practicable  after the  Effective Date  on 3  November
2009. Shareholders who  have elected  to exit  their investment  (i.e
receive cash) will  not receive certificates  but will receive  their
cash entitlement as soon as  is practicable after the Effective  Date
on 3 November 2009.

CREST accounts  will  be credited  with  the Shares  and/or  cash  in
respect of the elections made.

Background Information

The Directors  of  Jupiter Second  Split  Trust PLC,  Jupiter  Second
Enhanced Income Trust PLC and The Defined Capital Return Fund Limited
announced on 11 September 2009  the publication of circulars sent  to
their respective  shareholders setting  out  details for  a  rollover
opportunity for shareholders in Jupiter Second Enhanced Income  Trust
PLC and The Defined Capital  Return Fund Limited into Jupiter  Second
Split Trust PLC, a new issue of shares by Jupiter Second Split  Trust
PLC and the  extension of the  planned life of  Jupiter Second  Split
Trust PLC for a further five years to 31 October 2014. Jupiter Second
Split Trust PLC has been managed by Philip Gibbs on behalf of Jupiter
Asset Management Limited since its launch in November 2004.

Links to the individual documents  sent to shareholders can be  found
at the following website:



http://www.jupiteronline.co.uk/PI/Our_Products/Investment_Companies/Investment+Companies.htm

Defined terms used  in this  announcement shall,  unless the  context
otherwise requires, bear the  meaning given to  them the in  Circular
dated 11 September 2009.

For further information please contact:

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

Faith Pengelly
Company Secretary
020 7314 4915
[e-mail]

Suzanne Evans
BDO Corporate Finance
020 7486 5888
[e-mail]

---END OF MESSAGE---




This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.