Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi                                            
                                                                                           
                                                                                           
                                                                                           
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                                          02 December 2010
reached: v                                                                                 
                                                                                           
6. Date on which issuer notified:                                          03 December 2010
                                                                                           
7. Threshold(s) that is/are crossed or                                                  12%
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  9,277,964             9,277,964                       9,177,964             12.922     
                                                                                                 
                                                                                                 
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                  
                                                                                                 
9,177,964                                           12.922%                                      
                                                                                                 

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 - 9,177,964                                                   
                                                                                        
                                                                                        
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          
                              71,023,965                                                
                                                                                        
14. Contact name:             Faith Pengelly                                            
                                                                                        
15. Contact telephone number: 020-7314-4915