The Board of Jupiter China Sustainable Growth Ltd regrets to announce that it has decided not to proceed with the launch of the Company at this time. 

While Jupiter received a high level of interest in the proposed launch, commitments from prospective investors unfortunately fell just short of the $50m that the Company believed was required as a minimum launch size. 

Richard Pavry, director of investment trusts at Jupiter Asset Management, said: "While we received significant interest from both institutional and private investors, the challenging global economic and market environment has meant that certain prospective institutional investors have been unable to commit to their early indications of interest. The Board felt that to proceed at a lower launch size would not be appropriate as the proportion of the market capitalisation that a small number of institutions would represent in the Company's register of shareholders would be unattractive given the limited liquidity available to closed ended funds in the current markets. We are obviously disappointed not to go ahead with the launch at this time as we believe the long term investment opportunities from the transformation of the Chinese domestic economy are significant." 

Jupiter remains committed to the investment opportunity represented by Jupiter China Sustainable Growth Ltd and will continue to pursue the investment themes identified by the fund manager, Philip Ehrmann, going forward. Some of these themes will continue to be reflected in the portfolio of the Jupiter China Unit Trust. This Fund has gained 31.60% since the project to launch the Company was started in October 2008, compared with 13.81% for the IMA Asia Pacific Excluding Japan sector. Since launch the Fund has gained 11.20% against -2.13% for the sector average.* 

*Source: Financial Express from 31.10.08 to 19.03.09 and 23.10.06 to 19.3.09 Bid to bid, net income reinvested.

NOTE
Jupiter Asset Management Limited (JAM) is authorised and regulated by the Financial Services Authority and their registered address is 1 Grosvenor Place London SW1X 7JJ. The group is collectively known as "Jupiter". The above commentary represents the views of the Fund Manager at the time of preparation and may be subject to change. They are not necessarily those of Jupiter and should not be interpreted as investment advice. The value of an investment and the income from it can fall as well as rise and may be affected by exchange rate variations. There are particular risks associated with investments in Investment Companies, which could cause sudden or large falls (or rises) in investment values. Jupiter China Sustainable Growth will be investing in a single geographic area, which may lead to greater levels of volatility. The value of the Company will also be affected by exchange rate fluctuations. Every effort is made to ensure the accuracy of any information provided but no assurances or warranties are given.