Interim Management Statement

Jupiter Green Investment Trust PLC
     Interim Management Statement for the three months to 31 December 2009


The  Board of Jupiter Green  Investment Trust PLC (the  "Company") is pleased to
announce its interim management statement for the three months ended 31 December
2009.

Investment Manager's Report for the three months ended 31 December 2009

Performance Review
For the three months ended 31 December 2009 the total return for the Company was
4.5 per cent. compared to a return of 3.3 per cent. for the Company's composite
benchmark index**.

Market and Policy Review
Global stock markets made further gains in the final quarter of 2009, although
they were modest compared to the returns seen in the previous two quarters.
Investors were reminded of the many obstacles to a global economic
recovery.Dubai World, the property conglomerate, announced it was struggling to
honour its debt obligations. But more troubling was the news that highly
indebted countries such as Greece and Spain saw their debt ratings downgraded,
while credit default swap (CDS) markets indicated that countries such as the UK
(which is seeking to raise £225 billion in 2010 on top of an already ballooning
deficit) and Japan could be next. Were it not for the surge in mining and basic
materials stocks, the market's performance over the period would have been
lacklustre at best.

Fund performance
The Company's investments added value in both absolute and relative terms,
despite the dominant performance of mining companies within the composite
benchmark index (in which the Company does not invest) during the period. Core
holdingCranswick (sustainable living) made notable progress on the back of
positive interim results. A bid for Shanks (Waste Management) by a private
equity firm offering a 50% premium to its market value was also positive for
performance during the quarter. A key highlight from the US portfolio was
Spain's Telvent*, which rallied on the back of solid third quarter results. This
business provides technology and engineering solutions for a number of sectors.
Its products include data/network management software which is used in the
rapidly growing smart grid (electricity) sector.
Less impressive were the performances of our wind holdings which continued to
suffer on short term concerns about order volumes and delays to the passage of
the US Federal Energy Bill.Vestas Wind Systems and Gamesa lost ground as a
result. We believe the long term outlook for the wind sector remains positive
based on lower turbine prices, improved access to finance and greater government
legislation.

We increased the allocation to the US portfolio during the quarter. A notable
addition to the Company wasAmerican Superconductor* (clean energy). This company
manufactures highly efficient high temperature superconductor wires and other
electrical technologies. It is particularly benefiting from growth in the
Chinese wind sector where it has contracts to supply electrical control systems
for wind turbines.


Investment Outlook
Stock market jitters are likely to continue for the time being while uncertainty
overhangs the Western government debt positions. This has the potential to
create some volatility in the returns for the Company in the coming months.
There are several reasons to remain optimistic about green investment over the
longer term, however. Company results are broadly improving and managements are
generally more confident. In addition, we are seeing an increased number of
interesting opportunities for investment. Ongoing green stimulus spending should
also provide good support for the sector, especially as valuations tend to be
undemanding.

The outcome of the UN Climate Change Conference in Copenhagen presented few
surprises for us as green investors. The "Copenhagen Accord" announced at the
end of the conference crystallised the policy momentum we had seen at the
regional level in the preceding months. We believe the most important
initiatives have been taking place at this level and will continue to do so in
the immediate future.

Charles Thomas
Fund Manager
Jupiter Asset Management Limited

Total Assets as at 31 December 2009: £42,995,448


                                            % of Total Assets

  Jupiter Managed Portfolio   £26,517,086   61.7

  Winslow Managed Portfolio   £16,478,362   38.3



Shares in Issue on 31 December 2009:


                           Net Asset Value  Market Price    Premium/ (Discount)
                           (p)              (p)

 Ordinary (undiluted)      104.04
 excluding income/expenses

 Ordinary (undiluted)      104.09
 including income/expenses
                                            86.25           (17%)
 Ordinary (diluted)        103.36
 excluding income/expenses

 Ordinary (diluted)        103.41
 including income/expenses

 Warrants                  n/a              5.50            n/a



Portfolio Distribution on 31 December 2009


  United Kingdom            25%

  North America             37%

  Europe                    23%

  Japan                     6%

  Other                     6%

  Cash and fixed interest   3%
----------------------------------
                            100%


The Company's exposure to other UK listed investment companies was nil on 31
December 2009.


Top Ten Holdings on 31 December 2009


 Company                 Country of        Activity              % of total
                         Listing                                 assets

 Cranswick               United Kingdom    Sustainable Living    3.6

 Telvent                 Spain             Environmental         3.4
                                           Services

 American Superconductor United States     Clean Energy          2.9

 First Solar             United States     Clean Energy          2.7

 First Group             United Kingdom    Green Transport       2.7

 Vestas Wind Systems     Denmark           Clean Energy          2.6

 Pure Technologies       Canada            Water Management      2.6

 Novozymes               Denmark           Clean Energy          2.5

 Sims Metal Management   Australia         Waste Management      2.3

 Horsehead Holdings      United States     Waste Management      2.3

                                                                 27.6


Comparative Performance to 31 December 2009


                                        Three      One year %   Since launch %
                                        months %

  Total Assets*                         4.5        17.1         7.2

  FTSE Global Small Cap - Ex US Index   2.6        39.7         13.0

  Russell 2500 Growth Index             4.2        21.3         10.3

  Composite Index                       3.3        33.3         15.0

  Ordinary Share NAV                    4.5        17.1         7.2

  Ordinary Share Price                  0.0        22.8         (13.8)

  Warrant Price                         (18.5)     (2.3)        (73.8)

* Performance adjusted for share issue/cancellation since launch


The Company's Investment Objective

The  Company's  investment  objective  is  to  generate long-term capital growth
through a diverse portfolio of companies providing environmental solutions.

The Company's Investment Policy

The  Company invests  globally in  companies which  have a  significant focus on
environmental   solutions   such   as  Clean  Energy,  Water  Management,  Waste
Management,  Sustainable Living, Environmental Services and Green Transport. The
Company is focused on the following six green investment themes:

<li>Clean Energy
Stand alone power and back-up systems based on wind, solar, flywheels, batteries
and fuel cells; bio-fuels; insulation materials; energy efficiency technologies.

<li>Water Management
Water  and wastewater services including  sewerage and treatment infrastructure;
new technology-based solutions such as membranes and UV disinfection.

<li>Waste Management
Waste  reduction and associated technologies; recycling and resource management;
recycled materials.

<li>Sustainable Living
Healthy  lifestyle sector  including organic  foods, complementary medicines and
healthcare.

<li>Environmental Services
Companies   directly   benefiting   from  increased  environmental  legislation,
including environmental consultancies and providers of safety equipment.

<li>Green Transport
Integrated  public transport  systems; vehicle  emissions and  energy efficiency
control technologies.

The  Company's  portfolio  has  a  bias  towards small and medium capitalisation
companies. It invests primarily in securities which are quoted, listed or traded
on  a recognised  exchange. However,  up to  5 per cent.  of the Company's Total
Assets  (at the time of such investment) may be invested in unlisted securities.
No such investments have been made to date.

Material Events

The  Company's Interim Results  for the six  months ended 30 September 2009 were
published on 30 November 2009.

The  Board is not  aware of any  other significant events  or transactions which
have  occurred between  30 September 2009 and  the date  of publication  of this
interim management statement which would have a material impact on the financial
position or the performance of the Company.

Availability of Monthly Fact Sheets

Monthly   fact   sheets   for   the   Company   are   available   for   download
fromwww.jupiteronline.co.uk <

http://www.jupiteronline.co.uk/> and by post or fax
on request from the company secretarial department.

The  Company's  Ordinary  shares  and  Warrants  are  listed on the London Stock
Exchange  and the prices are published  in the Financial Times under `Investment
Companies'.

The  Net Asset Values of the Company's Ordinary shares are calculated weekly and
can be viewed on the London Stock Exchange website atwww.londonstockexchange.com
<

http://www.londonstockexchange.com/> (under the heading 'Market News').

For further information, please contact:

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


Faith Pengelly
Company Secretarial Department
Jupiter Asset Management Limited
[e-mail]
020 7314 4915

The Company's Registered office is at 1 Grosvenor Place, London SW1X 7JJ.

This   interim   management  statement  has  been  prepared  solely  to  provide
information  to meet the  requirements of the  UK Listing Authority's Disclosure
and Transparency Rules.

By order of the Board
Jupiter Asset Management Limited
18 February 2010


[HUG#1386164]