Re Directorate

New Star Investment Trust PLC
3 May 2001

NEW STAR INVESTMENT TRUST PLC

Appointment of Director

John Egwin Craig

The Directors are pleased to announce that John Craig has accepted an
invitation to join the Board as a non-executive Director with effect from 3
May 2001.


The Company has been advised of the following:

John Craig is a director of the following company:

            European & General Investment Trust PLC

He was a director of the following companies during the last five years:

            Jupiter International Group PLC

            Jupiter European Investment Trust PLC

            Powerscreen International PLC

China Investment Trust PLC

Belfast International Airport Limited

Korea Liberalisation Fund Limited (in members' voluntary liquidation)

Asia Specialist Growth Fund Limited


John Craig has a beneficial interest in 2,386,545 Ordinary 1p shares of the
Company.



There are no details required to be disclosed pursuant to paragraph 6.F.2(b)
to (g) of the UKLA Listing Rules.



03.04.01