Annual Information Update

NEW STAR INVESTMENT TRUST PLC

ANNUAL INFORMATION UPDATE

This annual information update is being made pursuant to the provisions of
Prospectus Rule 5.2 and is not being made for any other purpose. The Company,
nor any other person takes any responsibility for, or makes any representation,
express or implied, as to the accuracy or completeness of, the information
which it contains. This information is not necessarily up to date as at the
date of this annual information update and the Company does not undertake any
obligation to update any such information in the future. This annual
information update does not constitute an offer of any securities addressed to
any person and should not be relied upon by any person.

Announcements made via the Regulatory Information Service

(obtainable via the internet from RIS providers such as the London Stock
Exchange or from the Company Secretary at the Company's registered office, 1
Knightsbridge Green, London SW1X 7NE):

A. Net Asset Values

14th August 2006

14th September 2006

16th October 2006

16th November 2006

19th December 2006

15th January 2007

15th February 2007

16th March 2007

17th April 2007

10th May 2007

15th June 2007

17th July 2007

14th August 2007

17th September 2007

B. Holdings in Company

27th February 2007

4th July 2007

C. Portfolio Updates

1st August 2006

1st November 2006

1st February 2006

4th May 2007

1st August 2007

D. Other Announcements

4th October 2006 - Final Results

16th November 2006 - Result of AGM

16th November 2006 - Directorate change

17th November 2006 - Directorate change

22nd December 2006 - Total Voting Rights

28th February 2007 - Interim Results

22nd March 2007 - Director/PDMR Shareholding

20th August 2007 - Director Declaration

26th September 2007 - Final Results

27th September 2007 - Dividend Declaration

Documents filed at the Companies Registry

21st November 2006 - Annual Report and Accounts for year ended 30/6/2006

24th November 2006 - Form 288b (director's resignation notification)

12th December 2006 - Form 288a (director's appointment)

20th April 2007 - Form 363a (Annual return with bulk shareholder list)

Printed Publications

The Annual Report and Accounts for the year ended 30th June 2007 and the
Interim Report for the six months ended 31st December 2006 are available from
the Company Secretary at the Company's registered office, 1 Knightsbridge
Green, London SW1X 7NE. Alternatively, these can be downloaded from the
following website: www.newstaram.com.

Other Sources of Information

The price of the Company's Ordinary shares, which are listed on the London
Stock Exchange, are published in the Financial Times newspaper under the
heading `Investment Companies'.

Monthly fact sheets can be obtained via the Company's website (www.newstaram.com).

New Star Asset Management Limited

Company Secretary

4th October 2007