Holding(s) in Company

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                                        x  
                                                                                      
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                                                                         
specify):                                                                             
                                                                                      
3. Full name of person(s) subject to                                                  
the notification obligation:iii            Jupiter Asset Management Limited ('Jupiter')                                                                                                                              
4. Full name of shareholder(s)                                                        
 (if different from 3.):iv                                                            
                                                                                      
5. Date of the transaction and date                                  20 December 2012
on which the threshold is crossed or                                                     
reached: v                                                                            
                                                                                      
6. Date on which issuer notified:                                    24 December 2012
                                                                                      
7. Threshold(s) that is/are crossed                                         10% to 9%
or 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 
using            of            of           of shares  rights                  x                   
the ISIN CODE    Shares        Voting                                                              
                               Rights       Direct     Direct xi    Indirect   Direct     Indirect 
                                                                    xii                            
Ordinary Shares                                                                                    
                                                                                                   
                   7,142,804    7,142,804       0           0       7,092,804      0        9.99%  
                                                                                                   
                                                                                           
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               n/a               n/a                      n/a                 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      
instrument         price       date xvii  Conversion     instrument refers to     rights xix, xx   
                                          period xviii                                             
                                                                                                   
                                                                                                   
       n/a             n/a        n/a          n/a                 n/a                             
                                                                                  Nominal    Delta 
                                                                                                   
                                                                                            
Total (A+B+C)                                                                                      
                                                                                                   
Number of voting rights                            Percentage of voting rights                     
                                                                                                   
7,092,804                                          9.99%                                           
                                                                                                   

9. Chain of controlled undertakings through which the voting rights and/or the       
financial instruments are effectively held, if applicable: xxi                       
                                                                                     
The shares are held in the name of Nortrust Nominees Limited.                        
                                                                                     
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:                 Issued share capital used - 71,023,695   
                                                                                     
14. Contact name:                           Justine Nicolas                          
                                                                                     
15. Contact telephone number:               0207 314 4775