Holding(s) in Company

For filings with the FSA include the annex                                                            
                                                                                                      
For filings with issuer exclude the annex                                                             
                                                                                                      
                                                                                                      
                                                                                                      
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi                                                       
                                                                                                      
                                                                                                      
                                                                                                      
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):                                                                               
                                                                                                      
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                                                  7 June 2010        
reached: v                                                                                            
                                                                                                      
6. Date on which issuer notified:                                                  8 June 2010        
                                                                                                      
7. Threshold(s) that is/are crossed or                                                     11%        
reached: vi, vii                                                                                      
                                                                                                      
8. Notified details:                                                                                  
                                                                                                      
A: Voting rights attached to shares viii, ix                                                          
                                                                                                      
Class/type of   Situation previous            Resulting situation after the triggering                
shares          to the triggering             transaction                                             
                transaction                                                                           
                                                                                                      
if possible     Number            Number      Number    Number of voting            % of  voting      
using           of                of          of shares rights                      rights x          
the ISIN CODE   Shares            Voting                                                              
                                  Rights      Direct    Direct xi         Indirect  Direct   Indirect 
                                                                          xii                         
                                                                                                      
Ordinary                                                                                              
                7,671,131         7,671,131                               7,838,128          11.036   
                                                                                                      
                                                                                                      
                                                                                                      
                                                                                                      
B: Qualifying Financial Instruments                                                                   
                                                                                                      
Resulting situation after the triggering transaction                                                  
                                                                                                      
Type of financial              Expiration Exercise/                  Number of voting       % of voting   
instrument                            Conversion Period xiv      rights that may be     rights        
                               date                              acquired if the                      
                               xiii                              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 financial         Exercise Expiration Exercise/     Number of voting             % of voting      
instrument                price   date    Conversion    rights instrument            rights xix, xx   
                                  xvii    period xviii  refers to                                     
                                                                                                      
                                                                                                      
                                                                                                      
                                                                                               Delta  
                                                                                                      
                                                                                                      
                                                                                                      
                                                                                                      
                                                                                                      
Total (A+B+C)                                                                                         
                                                                                                      
Number of voting rights                            Percentage of voting rights                        
                                                                                                      
7,838,128                                          11.036                                             
                                                                                                      

 

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 - 7,838,128                                                   
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
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:             Jenny Thompson                                            
                                                                                        
15. Contact telephone number: 020-7314-5565