Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES                                          
                                                                                        
                                                                                        
                                                                                        
1. Identity of the issuer or the underlying issuer                                      
of existing shares to which voting rights are              New Star Investment Trust 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):      Take on of new client by Jupiter Asset Management Limited  
                                                                                        
3. Full name of person(s) subject to the                Jupiter Asset Management Limited
notification obligation:iii                                                             
                                                                                        
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                                        13 October 2010
reached: v                                                                              
                                                                                        
6. Date on which issuer notified:                                        15 October 2010
                                                                                        
7. Threshold(s) that is/are crossed or                                               13%
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
possible  of                    of           of       rights                  x                  
using     Shares                Voting       shares                                              
the ISIN                        Rights                                                           
CODE                                                                                             
                                             Direct   Direct xi Indirect xii  Direct  Indirect   
                                                                                               
Ordinary  9,452,333             9,452,333                       9,156,818             12.893     
                                                                                                 
                                                                                                 
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.       N/A                                                                                              
                                                                                                                                                                                                                      
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     
financial                       date xvii  Conversion instrument refers to       rights xix, xx  
instrument                                 period                                                
                                           xviii                                                 
N/A                                                                                  Delta
            
                                                                                                                                                                                               
Total (A+B+C)                                                                                    
                                                                                                 
Number of voting rights                             Percentage of voting rights                  
                                                                                                 
9,156,818                                           12.893%                                      
                                                                                                 

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 - 9,156,818                                                   
                                                                                        
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:             Faith Pengelly                                            
                                                                                        
15. Contact telephone number: 020-7314-4915