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Monday 31 March, 2003

Carrousel Capital Ld

SAR3 - Jupiter Split Trust In

Carrousel Capital Limited
31 March 2003

                                                                      FORM SAR 3

Lodge with a RIS or Newstrack if appropriate and the Takeover Panel.
A copy must also be sent to the company the shares of which are acquired.

Date of disclosure

31st March 2003


Date of acquisition

21st March 2003

Acquisition in (name of company)

Jupiter Split Trust Income (JRTI LN)

1. Class of voting shares (eg ordinary shares)


Number of shares/rights over shares acquired

   25,000                              Shares                             Rights

If rights over shares acquired, as opposed to the shares themselves, specify
nature of rights

2. Resultant total holding of voting shares (and % of total voting shares in

11,410,000                                              23.00 %

Resultant total holding of rights over shares (and % of total voting shares in


Total percentage

  23.00 %

3. Party making disclosure

Carrousel Capital Ltd.

4. (a) Name of person acquiring shares or rights over shares

The Carrousel Fund Ltd

and, if different, beneficial owner

(b) Names of any other persons acting by agreement or understanding (see SAR 5)

Signed, for and on behalf of the party named in (3) above

Bruno Sangle-Ferriere/Jasmine Yennek

(Also print name of signatory)

Bruno Sangle-Ferriere/Jasmine Yennek

Telephone and extension number

207823 7044/207823 7070

Note.   Under SAR 5, the holdings of and acquisitions by persons acting by
agreement or understanding must be aggregated and treated as a holding of or
acquisition by one person. Note 3 on SAR 5 requires persons who must aggregate
holdings to disclose certain disposals.

For full details of the SARs disclosure requirements, see Rules 3 and 5 of the
SARs.  If in doubt, contact the Panel on Takeovers and Mergers, Monitoring
Section.  Tel. No: 020 7638 0129.

                      This information is provided by RNS
            The company news service from the London Stock Exchange                 DEFE