Martin Currie Enhance

Jupiter Second Enhanced Inc.Tst.PLC 14 April 2005 The Board of Jupiter Second Enhanced Income Trust PLC wish to draw shareholders attention to the following announcement made by Martin Currie Enhanced Income Trust PLC today 14th April 2005 'Martin Currie Enhanced Income Trust PLC Proposed reconstruction Martin Currie Enhanced Income Trust PLC (the 'Company') was launched in 1999 with a fixed winding-up date of 30 June 2005. At the time of the Company's launch the directors stated that it was their intention, prior to the winding-up date, to consider ways in which shareholders might continue their investment beyond that date if they so wished and to defer crystallisation of liabilities to capital gains tax. The final entitlement of zero dividend preference ('ZDP') shareholders is currently covered approximately 1.5 times and, as such, the Board expects that, on a winding-up, ZDP shareholders will receive their full entitlement of 158.7p per ZDP share. In accordance with the Company's articles of association the assets remaining thereafter would be distributed to the ordinary shareholders. Having consulted with major shareholders, the Board has evaluated a number of proposals which would provide holders of both ordinary and ZDP shares with the opportunity to continue their investment beyond 30 June 2005. The Company announces that, as a result of the Board's evaluation exercise, it has reached agreement in principle with the board of Jupiter Second Enhanced Trust plc ('Jupiter Second Enhanced') and its manager, Jupiter Asset Management Limited, which enables the Board to propose to shareholders a scheme of reconstruction under which existing shareholders in the Company would have the opportunity to roll their investment over into shares in Jupiter Second Enhanced on or before 30 June 2005. The scheme, as currently envisaged, would also provide shareholders with the opportunity to receive cash or to roll their investments over into units in the Jupiter Cash Fund, a cash unit trust. The Company expects to post a circular to shareholders as soon as practicable giving full details of the proposals and convening the required Extraordinary General Meetings.' Enquiries: Richard Pavry Jupiter Asset Management Limited 020 7412 0703 rpavry@jupiter-group.co.uk This information is provided by RNS The company news service from the London Stock Exchange