Change of Investment Manager

30 October 2009

This announcement constitutes regulated information

NEW STAR INVESTMENT TRUST PLC

CHANGE OF INVESTMENT MANAGER

New Star Investment Trust plc (the "Company"), announces that it has given
notice to terminate New Star Asset Management Limited's appointment as its
Investment Manager. Termination will occur on 31 January 2010 or earlier by
agreement. On termination, Brompton Asset Management LLP will commence acting
as the Company's Investment Manager.

RETIREMENT OF MR JAMES ROE

The Board has accepted with great regret the retirement of Mr James Roe due to
ill health.