Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES                                             
                                                                                           
                                                                                           
                                                                                           
1. Identity of the issuer or the underlying issuer                New Star Investment Trust
of existing shares to which voting rights are                                           PLC
attached:ii                                                                                
                                                                                           
2 Reason for the notification (please tick the appropriate box or boxes):                  
                                                                                           
An acquisition or disposal of voting rights                                               X
                                                                                           
An acquisition or disposal of qualifying financial instruments which may result            
in the acquisition of shares already issued to which voting rights are attached            
                                                                                           
An acquisition or disposal of instruments with similar economic effect to                  
qualifying financial instruments                                                           
                                                                                           
An event changing the breakdown of voting rights                                           
                                                                                           
Other (please specify):                                                                    
                                                                                           
3. Full name of person(s) subject to the                           Jupiter Asset Management
notification obligation:iii                                                         Limited
                                                                                           
4. Full name of shareholder(s)                                                             
 (if different from 3.):iv                                                                 
                                                                                           
5. Date of the transaction and date on                                                     
which the threshold is crossed or                                               19 May 2010
reached: v                                                                                 
                                                                                           
6. Date on which issuer notified:                                               20 May 2010
                                                                                           
7. Threshold(s) that is/are crossed or                                                  10%
reached: vi, vii                                                                           
                                                                                           

 

8. Notified details:                                                                                     
                                                                                                         
A: Voting rights attached to shares viii, ix                                                             
                                                                                                         
Class/   Situation previous                Resulting situation after the triggering transaction          
type of  to the triggering                                                                               
shares   transaction                                                                                     
                                                                                                         
                                                                                                         
if       Number            Number          Number          Number of voting        % of  voting rights x 
possible of                of              of shares       rights                                        
using    Shares            Voting                                                                        
the ISIN                   Rights                                                                        
CODE                                       Direct          Direct xi Indirect xii  Direct    Indirect    
                                                                                                         
                                                                                                         
Ordinary                                                                                                 
         7,060,031         7,060,031                                 7,671,131     7,671,131 10.801      
                                                                                                         
                                                                                                         
                                                                                                         
                                                                                                         
B: Qualifying Financial Instruments                                                                      
                                                                                                         
Resulting situation after the triggering transaction                                                     
                                                                                                         
Type of          Expiration      Exercise/                  Number of voting             % of voting     
financial        date xiii       Conversion Period xiv      rights that may be           rights          
instrument                                                  acquired if the                              
                                                            instrument is                                
                                                            exercised/ converted.                        
                                                                                                         
                                                                                                         
                                                                                                         
                                                                                                         
                                                                                                         
C: Financial Instruments with similar economic effect to Qualifying Financial                            
Instruments xv, xvi                                                                                      
                                                                                                         
Resulting situation after the triggering transaction                                                     
                                                                                                         
Type of    Exercise price  Expiration    Exercise/         Number of voting rights    % of voting rights 
financial                  date xvii     Conversion period instrument refers to       xix, xx            
instrument                               xviii                                                           
                                                                                                         
                                                                                                         
                                                                                              Delta      
                                                                                                         
                                                                                                         
                                                                                                         
                                                                                                         
                                                                                                         
Total (A+B+C)                                                                                            
                                                                                                         
Number of voting rights                           Percentage of voting rights                            
                                                                                                         
7,671,131                                         10.801                                                 
                                                                                                         

 

9. Chain of controlled undertakings through which the voting rights and/or the          
financial instruments are effectively held, if applicable: xxi                          
                                                                                        
The Ordinary shares will apear on the register in the following name:                   
                                                                                        
Nortrust Nominees Limited - 7,671,131                                                   
                                                                                        
Proxy Voting:                                                                           
                                                                                        
10. Name of the proxy holder:                                                           
                                                                                        
11. Number of voting rights proxy holder will cease                                     
to hold:                                                                                
                                                                                        
12. Date on which proxy holder will cease to hold                                       
voting rights:                                                                          
                                                                                        
                                                                                        
                                                                                        
                                                                                        
13. Additional information:   Calculations based on an issued share capital of          
                              71,023,695                                                
                                                                                        
14. Contact name:             Shannon Craddock                                          
                                                                                        
15. Contact telephone number: 020-7314-4775