Update on the future of the company

Jupiter UK Growth Investment Trust PLC (the "Company")

Legal Entity Identifier: 549300QSBKGE8ZO08A97

3 December 2020

Update on the future of the Company

On 14 October 2020, the Board announced that it was considering the best options for the future of the Company and that it believed that the best option was to liquidate the Company so that shareholders would have the ability to roll their investment into another investment vehicle or receive cash.

The Company is now pleased to announce that it has agreed in principle to proposals with Brown Advisory Funds plc under which the Company, through a scheme of reconstruction expected to be effected in the Company under section 110 of the Insolvency Act 1986, will be wound up voluntarily and shareholders will be offered a choice of:

· the default option of rolling over their investment on a cost and tax efficient basis into new shares to be issued by the Brown Advisory Global Leaders Fund, being a sub-fund of Brown Advisory Funds plc (the "Rollover Fund"); and/or

· electing for a cash exit calculated in accordance with the Company's articles of association.

Brown Advisory Funds plc is an open-ended Irish-domiciled UCITS umbrella fund with segregated liability between sub-funds, authorised by the Central Bank of Ireland. The Rollover Fund's investment objective is to achieve capital appreciation by investing primarily in global equities and it has been selected as the rollover option having taken into account shareholder feedback. It is currently proposed that Sterling Class B distribution shares in the Rollover Fund will be issued.

Shareholder documentation setting out full details of the proposed scheme of reconstruction, the rollover option and convening the necessary shareholder meeting will be sent out in due course.

For further information, please contact:

Numis Securities Limited

David Benda, Investment Banking

[email protected]

Tel. 020 7260 1275

Jupiter Asset Management Limited

Magnus Spence, Head of Investment Trusts and Alternatives

[email protected]

Tel. 020 3817 1000