Jupiter Asset Management is delighted to announce the appointment of Guy de Blonay, who will join Jupiter in January 2010.

Guy, who has 13 years' investment experience, will initially join Jupiter in an advisory capacity before joining Jupiter's market-leading team of financial fund managers, Philip Gibbs and Robert Mumby.

Jupiter is home to the UK's leading team of financial fund managers. The £1.4bn Jupiter Financial Opportunities Fund has, under the stewardship of Philip Gibbs, delivered a return of 868% since launch in June 1997, ranking the Fund 1st out of all 748 unit trusts over that time period. This compares with 49% for the FTSE Financials Index. Furthermore, the Fund returned 7% during 2008 against the backdrop of the worst equity markets since 1973-1974, placing the Fund 125th out of all 2,427 unit trusts/Oeics over that time period. This compares with -48% for the FTSE Financials Index.* Collectively Philip Gibbs and Robert Mumby run £1.7bn.

Guy's appointment will further enhance the team's offering. He has managed the New Star Global Financials Fund since December 2001 and before that, worked as an analyst at Jupiter for six years. In the past five years the New Star Global Financials Fund has returned 94% compared with -5% for the FTSE Financials Index.**

Edward Bonham Carter, Chief Executive of Jupiter Asset Management, said: "Guy has established a strong track record for managing financial funds in the past eight years and his decision to join us will further cement our reputation as the leading financial fund manager in the UK. We are delighted to welcome Guy back to Jupiter."

-ENDS-

NOTE

* Source: Financial Express bid to bid, net income reinvested from 2.6.97 to 30.9.09. Figures for 2008 are from 31.12.2007 to 31.12.2008.

Philip Gibbs manages the Jupiter Financial Opportunities Fund, Jupiter Second Split Investment Trust, Jupiter Hyde Park Hedge Fund and is joint manager of the Jupiter Global Financials fund (Sicav). Robert Mumby manages the Jupiter Global Financials hedge fund and is joint manager of the Jupiter Global Financials fund (Sicav).

Assets total £1.7bn as at 31.8.09

** Source: Financial Express bid to bid, net income reinvested from 30.9.04 to 30.9.09

Jupiter Unit Trust Managers Limited (JUTM) and Jupiter Asset Management Limited (JAM) are both 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, and this is particularly likely during periods of rapidly changing market circumstances. They are not necessarily those of Jupiter and should not be interpreted as investment advice. Past Performance should not be seen as a guide to future returns, the value of an investment and the income from it can fall as well as rise and may be affected by exchange rate variations. Every effort is made to ensure the accuracy of any information provided but no assurances or warranties are given.