Tranche Update on Jupiter UK Growth Investment Trust PLC's Equity Buyback announced on November 20, 2018.

Jupiter UK Growth Investment Trust PLC is a United Kingdom-based investment trust. The Company's investment objective is to focus on capital appreciation from holding predominantly listed investments. The Company's principal activity is portfolio investment. The Company's United Kingdom equity portfolio combines core holdings of large-cap stocks, which pay dividends and various smaller growth stocks. The Company focuses on investing in a range of sectors, including oil equipment, services and distribution; industrials metals and mining; aerospace and defense; electronics and electrical equipment; household goods and home construction; pharmaceuticals and biotechnology; food producers; real estate, and non-life insurance. The Company focuses on investing in geographies, including the United Kingdom, Europe, and North and Latin America. Jupiter Asset Management Limited is the Company's investment advisor.