Holding in Company

New Star Investment Trust PLC
26 September 2001


NEW STAR INVESTMENT TRUST PLC

The Company has today been informed that, following a recent transfer of
Ordinary shares, Jupiter Asset Management Limited is now interested in a total
of 34,922,195 Ordinary shares of 1p each, representing 31.80% of the issued
class of capital (previously 32.23%).

Jupiter Asset Management Limited does not hold any shares beneficially, but
holds them as an investment manager acting on behalf of discretionary clients.

Among the underlying beneficial holders are the following, who hold over 3% of
the issued share capital of that class of capital:


M F Heathcoat Amory                -           4,911,747 (4.47%)
C Crowther                         -           5,250,401 (4.78%)
S Crowther                         -           5,250,401 (4.78%)