Holding(s) in Company

For filings with the FSA include the annex                                                  
                                                                                            
For filings with issuer exclude the annex                                                   
                                                                                            
                                                                                            
                                                                                            
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi                                             
                                                                                            
                                                                                            
                                                                                            
1. Identity of the issuer or the underlying issuer                                          
of existing shares to which voting rights are                  New Star Investment Trust PLC
attached:ii                                                                                 
                                                                                            
2 Reason for the notification (please tick the appropriate box or boxes):                   
                                                                                            
An acquisition or disposal of voting rights                                                 
                                                                                            
An acquisition or disposal of qualifying financial instruments which may result             
in the acquisition of shares already issued to which voting rights are attached             
                                                                                            
An acquisition or disposal of instruments with similar economic effect to                   
qualifying financial instruments                                                            
                                                                                            
An event changing the breakdown of voting rights                                            
                                                                                            
Other (please       Take on of new client by Jupiter Asset Management Limited          x    
specify):                                                                                   
                                                                                            
3. Full name of person(s) subject to the                    Jupiter Asset Management Limited
notification obligation:iii                                                                 
                                                                                            
4. Full name of shareholder(s)                                                              
 (if different from 3.):iv                                                                  
                                                                                            
5. Date of the transaction and date on                                                      
which the threshold is crossed or                                            22 October 2010
reached: v                                                                                  
                                                                                            
6. Date on which issuer notified:                                            25 October 2010
                                                                                            
7. Threshold(s) that is/are crossed or                                                   13%
reached: vi, vii                                                                            
                                                                                            


 

8. Notified details:                                                                                  
                                                                                                      
A: Voting rights attached to shares viii, ix                                                          
                                                                                                      
Class/type of    Situation previous         Resulting situation after the triggering transaction      
shares           to the triggering                                                                    
                 transaction                                                                          
                                                                                                      
if possible      Number        Number       Number      Number of voting      % of  voting rights x   
using            of            of           of shares   rights                                        
the ISIN CODE    Shares        Voting                                                                 
                               Rights       Direct      Direct xi  Indirect   Direct       Indirect   
                                                                   xii                                
                                                                                                      
                                                                                                      
                                                                                                      
Ordinary         9,156,818     9,156,818                           9,277,964               13.063     
                                                                                                      
                                                                                                      
                                                                                                      
                                                                                                      
                                                                                                      
B: Qualifying Financial Instruments                                                                   
                                                                                                      
Resulting situation after the triggering transaction                                                  
                                                                                                      
Type of financial       Expiration  Exercise/               Number of voting        % of voting       
instrument              date xiii   Conversion Period xiv   rights that may be      rights            
                                                            acquired if the                           
                                                            instrument is                             
                                                            exercised/ converted.                     
                                                                                                      
N/A                                                                                                   
                                                                                                      
                                                                                                      
                                                                                                      
C: Financial Instruments with similar economic effect to Qualifying Financial                         
Instruments xv, xvi                                                                                   
                                                                                                      
Resulting situation after the triggering transaction                                                  
                                                                                                      
Type of financial  Exercise    Expiration Exercise/     Number of voting rights  % of voting rights   
instrument         price       date xvii  Conversion    instrument refers to     xix, xx              
                                          period xviii                                                
                                                                                                      
                                                                                                      
                                                                                              Delta   
N/A                                                                                                   
                                                                                                      
                                                                                                      
                                                                                                      
                                                                                                      
Total (A+B+C)                                                                                         
                                                                                                      
Number of voting rights                            Percentage of voting rights                        
                                                                                                      
9,277,964                                          13.063%                                            
                                                                                                      


 

9. Chain of controlled undertakings through which the voting rights and/or the            
financial instruments are effectively held, if applicable: xxi                            
                                                                                          
The Ordinary shares will apear on the register in the following name:                     
                                                                                          
Nortrust Nominees Limited - 9,277,964                                                     
                                                                                          
                                                                                          
                                                                                          
                                                                                          
                                                                                          
                                                                                          
                                                                                          
Proxy Voting:                                                                             
                                                                                          
10. Name of the proxy holder:                                                             
                                                                                          
11. Number of voting rights proxy holder will cease                                       
to hold:                                                                                  
                                                                                          
12. Date on which proxy holder will cease to hold                                         
voting rights:                                                                            
                                                                                          
                                                                                          
                                                                                          
                                                                                          
13. Additional information:                 Calculations based on an issued share capital 
                                            of 71,023,695                                 
                                                                                          
14. Contact name:                           Faith Pengelly                                
                                                                                          
15. Contact telephone number:               020-7314-4915