Jupiter Green Investment Trust proposes C Share issue

The Board of Jupiter Green Investment Trust is pleased to announce proposals for a further issue of equity securities.

The Board’s proposals for a C share issue come in response to strong demand from investors in the 12 months since the Company was launched on 8 June 2007. In this period, the Company has seen its undiluted net asset value increase from 97.07p per share to 126.9p per share, as at 28 May 2007.

Based on the middle market prices of the Company’s ordinary shares and warrants on the London Stock Exchange on 1 June 2007, the see-through value of an investment of 100p at launch would now be 138.10p (comprising one ordinary share at 127.75p and one fifth of a warrant at 51.75p). Warrants were issued on a one-for-five basis together with the ordinary shares at launch.

Perry Crosthwaite, chairman of the Company, said: “Jupiter Green has performed very well in the first year of its life and this, combined with the growing interest in green investing, has resulted in strong demand from investors. The Company’s shares are currently trading on a premium and with a positive outlook for companies in this sector, we believe there will be strong interest in this issue.”

It is intended to conduct a placing and offer for subscription of C shares (with warrants attached) at an issue price of 100p per C share. The C shares and warrants will be converted into ordinary shares and warrants in the Company, ranking equally with the existing securities, once the proceeds of the issue have been invested by the Company’s investment manager.

The Board expects to publish a circular to shareholders seeking their approval for the issue of up to a maximum of 75 million C shares. The circular will also comprise a prospectus for the purposes of the placing and the offer for subscription. A further announcement will be made in due course to confirm the timing and details of the issue. Arbuthnot Securities is acting as Financial Adviser, Broker and Sponsor to the issue.