Net Asset Value(s)

NEW STAR INVESTMENT TRUST PLC

Net Asset Value

The Net Asset Value ("NAV") per share of New Star Investment Trust PLC at
30 June 2008 was as follows:

NAV per share, ex income (based on mid-market valuations)             135.24p
                                                                             
NAV per share, cum income (based on mid-market valuations)            136.09p
                                                                             
NAV per share, ex income (based on bid valuations)                    135.03p
                                                                             
NAV per share, cum income (based on bid valuations)                   135.88p