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
31 July 2009 was as follows:

NAV per share, ex income (based on mid-market valuations)              84.59p
                                                                             
NAV per share, ex income (based on bid valuations)                     83.86p
                                                                             
NAV per share, cum income (based on mid-market valuations)             85.46p
                                                                             
NAV per share, cum income (based on bid valuations)                    84.73p