Annual Information Update

NEW STAR INVESTMENT TRUST PLC

ANNUAL INFORMATION UPDATE

As required by Prospectus Rule 5.2, all information which has been made
available to the public by the Company over the previous 12 months in the
United Kingdom (being the Company's Home State) which is required to be
disclosed to the public pursuant to this Rule is outlined below. In order to
avoid an unnecessarily lengthy document, information is referred to in this
update rather than included in full.

The information referred to in this update was up to date at the time the
information is published but some information may now be out-of-date.

Information made via PR Newswire, a Regulatory Information News Service

Date                 Headline                  Brief description of document 
                                               (where necessary)             
                                                                             
4 October 2007       Annual Information Update                               
                                                                             
16 October 2007      Net Asset Values          Announcement of net asset     
                                               value at 30 September 2007    
                                                                             
1 November 2007      Portfolio update          Announcement of the 10 largest
                                               investments at 31 October 2007
                                                                             
15 November 2007     Net Asset Values          Announcement of net asset     
                                               value at 31 October 2007      
                                                                             
16 November 2007     Interim management        Interim management statement  
                     statement                 for the quarter ended 30      
                                               September 2007                
                                                                             
21 November 2007     Result of AGM             Announcement that all         
                                               resolutions had been passed at
                                               the AGM held on 21 November   
                                               2007                          
                                                                             
18 December 2007     Net Asset Values          Announcement of net asset     
                                               value at 30 November 2007     
                                                                             
16 January 2008      Net Asset Values          Announcement of net asset     
                                               value at 31 December 2007     
                                                                             
4 February 2008      Portfolio update          Announcement of the 10 largest
                                               investments at 31 January 2008
                                                                             
18 February 2008     Net Asset Values          Announcement of net asset     
                                               value at 31 January 2008      
                                                                             
29 February 2008     Half Yearly Report        Announcement of results for   
                                               the half year ended 31        
                                               December 2007                 
                                                                             
18 March 2008        Net Asset Values          Announcement of net asset     
                                               value at 29 February 2008     
                                                                             
15 April 2008        Net Asset Values          Announcement of net asset     
                                               value at 31 March 2008        
                                                                             
15 May 2008          Net Asset Values          Announcement of net asset     
                                               value at 30 April 2008        
                                                                             
19 May 2008          Net Asset Values          Announcement of interim       
                                               management statement for the  
                                               quarter ended 31 March 2008   
                                                                             
13 June 2008         Net Asset Values          Announcement of net asset     
                                               value at 31 May 2008          
                                                                             
2 July 2008          Portfolio update          Announcement re portfolio at  
                                               30 June 2008 pursuant to LR   
                                               15.6.8(1)                     
                                                                             
16 July 2008         Net Asset Values          Announcement of net asset     
                                               value at 30 June 2008         
                                                                             
12 August 2008       Net Asset Values          Announcement of net asset     
                                               value at 31 July 2008         
                                                                             
8 September 2008     Final Results             Announcement of results for   
                                               the year ended 30 June 2008   
                                                                             
8 September 2008     Annual Report and         Announcement that the Annual  
                     Accounts                  Accounts for the year ended 30
                                               June 2008 had been submitted  
                                               to the Document Viewing       
                                               Facility                      
                                                                             
19 September 2008    Net Asset Values          Announcement of net asset     
                                               value at 31 August 2008       
                                                                             
1 October 2008       AGM Result                Announcement that all         
                                               resolutions had been passed at
                                               the AGM held on 1 October 2008
                                               and that a copy of the special
                                               business had been submitted to
                                               the Document Viewing Facility 
                                                                             
3 October 2008       Portfolio update          Announcement re portfolio at  
                                               30 September 2008 pursuant to 
                                               LR 15.6.8(1)                  

Copies of documents published via PR Newswire can be obtained at the Company's
registered office: 1 Knightsbridge Green, London SW1X 7NE

Documents filed at Companies House

All of the documents listed below were filed with Companies House on or around
the dates indicated:

Date                 Brief description of document (where necessary          
                                                                             
30 April 2007        Annual Return                                           
                                                                             
30 September 2008    Annual Accounts                                         
                                                                             
3 October 2008       New Articles of Association                             

Copies of documents filed with Companies House can be obtained at the Company's
registered office: 1 Knightsbridge Green, London SW1X 7NE

Printed Publications

The Annual Report and Accounts for the year ended 30 June 2008 and the Half
Year Report for the six months ended 31 December 2007 are available from the
Company Secretary at the Company's registered office, 1 Knightsbridge Green,
London SW1X 7NE. Alternatively, these can be downloaded from the following
website:

www.newstaram.com.

Other Sources of Information

The price of the Company's Ordinary shares, which are listed on the London
Stock Exchange, are published in the Financial Times newspaper under the
heading `Investment Companies'.

Monthly fact sheets can be obtained via the Company's website (
www.newstaram.com).

New Star Asset Management Limited

Company Secretary

3 October 2008