Net Asset Value(s)

NEW STAR INVESTMENT TRUST PLC

Net Asset Value

The Company announces that the Net Asset Value, excluding current period
revenue, as at 31st October 2005 was 116.64 p. The Net Asset Value at 11th
November 2005, following the AIM listing of New Star Asset Management Group
PLC, one of the Company's largest shareholdings, was 124.51p.

15.11.05