Guy de Blonay will be appointed Co-Manager (1) of the Jupiter Financial Opportunities Fund, working alongside Philip Gibbs, on 1 June 2010.

Guy, who has 13 years' investment experience, joined Jupiter in an advisory capacity in January 2010 from Henderson New Star where he was responsible for a number of mandates, including the New Star Global Financials Fund, which produced substantial outperformance of its benchmark in the eight years he managed it. Between 28 December 2001 and 21 October 2009 the New Star Global Financials Fund produced a return of 173% compared with -33% for the FTSE Global Financials Index (2). Before joining New Star, subsequently Henderson New Star, Guy worked at Jupiter for six years.

Philip has managed the £1.2bn Jupiter Financial Opportunities Fund since launch in June 1997 and has built an outstanding long term performance track record, delivering a return of 843%, ranking the Fund 1st out of all 697 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. This compares with -48% for the FTSE Financials Index (3).

Philip Gibbs, head of Jupiter's financials team, which also includes Robert Mumby, said: "Guy has built a tremendous track record as a financials fund manager and I am very much looking forward to working alongside him on the Jupiter Financial Opportunities Fund. Guy's considerable investment skills will enhance our ability to produce outperformance for investors."

Guy de Blonay, Jupiter, said: "I believe Jupiter has an exceptional focus on producing performance for clients and I share with Philip many principles and objectives. These factors were a significant influence on my decision to return to the Company.

"The financial sector is a dynamic and diverse universe in which to invest and this, combined with the fact that Jupiter has such a strong team, makes the opportunity a very exciting one."

- ends -

NOTE

(1) Subject to FSA regulatory approval
(2) Source: Financial Express bid to bid, net income reinvested. Figures from 28.12.01 to 21.10.09. All figures in GBP.
(3) Source: Financial Express bid to bid, net income reinvested. Figures from 2.6.97 to 31.03.10. All figures in GBP.

JUPITER FINANCIALS TEAM BIOGRAPHIES

Philip Gibbs - Fund Manager, Jupiter Financials Team
Philip Gibbs joined Jupiter in 1997 and has managed the Jupiter Financial Opportunities Fund (Unit Trust) since its launch in June of that year (until 1 June 2010 when he will become Co-Manager). He also manages the Jupiter Absolute Return Fund (Unit Trust), the Jupiter International Financials Fund (Unit Trust), the Jupiter Global Financials SICAV and the Jupiter Second Split Trust plc, as well as institutional money.  Philip has had extensive experience as a stockbroking analyst specialising in equities of UK financial companies, having worked in relevant roles between 1983 and 1997 for both BZW and Laing and Cruickshank.  Philip studied History at Cambridge University and is a Chartered Accountant.

Robert Mumby - Fund Manager, Jupiter Financials Team
Robert Mumby joined Jupiter in 2006 and is currently Co-Manager of Jupiter Global Financials SICAV.  Robert started his career in corporate finance at the Industrial Bank of Japan before moving to KPMG where he worked in audits, tax and corporate finance.  Prior to joining Jupiter, Robert worked for twelve years as an investment analyst specialising in financial services companies, most recently Canaccord Capital, but also HSBC, ABN and BZW/CSFB.  Robert has a BSc Mechanical Engineering from the University of Manchester and is ACA qualified.

Guy de Blonay - Jupiter Financials Team
Guy joined Jupiter in an advisory capacity in January 2010 from Henderson New Star. In his previous role, he was responsible for a number of mandates, including the New Star Global Financials Fund which he managed for nine years. Before joining New Star, subsequently Henderson New Star, Guy worked at Jupiter for six years.

JUPITER FINANCIAL OPPORTUNITIES FUND FACTS
. UK authorised unit trust
. Launch date: 2 June 1997
. Managed by Guy de Blonay (from 1 June 2010) and Philip Gibbs
. Benchmarked against FTSE Financials Index
. Fees: 5.25% initial and 1.5% annual management charge
. Minimum investment: Lump sum = £500, Monthly saving = £50
. Sterling denominated

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.