Annual Information Update

NEW STAR INVESTMENT TRUST PLC

ANNUAL INFORMATION UPDATE

As required by Prospectus Rule 5.2, all information which has been made
available to the public by the Company over the previous 12 months in the
United Kingdom (being the Company's Home State) which is required to be
disclosed to the public pursuant to this Rule is outlined below. In order to
avoid an unnecessarily lengthy document, information is referred to in this
update rather than included in full.

The information referred to in this update was up to date at the time the
information is published but some information may now be out-of-date.

Information made via PR Newswire, a Regulatory Information News Service

Date                 Headline                  Brief description of document 
                                               (where necessary)             
                                                                             
15 December 2008     Net Asset Values          Announcement of net asset     
                                               value at 30 November 2008     
                                                                             
5 January 2009       Portfolio update          Announcement pursuant to      
                                               Listing Rule 15.6.8(1)        
                                                                             
21 January 2009      Net Asset Values          Announcement of net asset     
                                               value at 31 December 2009     
                                                                             
18 February 2009     Net Asset Values          Announcement of net asset     
                                               value at 31 January 2009      
                                                                             
26 February 2009     Half Yearly Report        Announcement of results for   
                                               the half year ended 31        
                                               December 2008                 
                                                                             
12 March 2009        Net Asset Values          Announcement of net asset     
                                               value at 31 March 2009        
                                                                             
26 March 2009        Director Declaration      Announcement that James Roe   
                                               had ceased to be a director of
                                               Principle Capital Investment  
                                               Trust plc                     
                                                                             
31 March 2009        Holding(s) in Company     TR-1 notification from Jupiter
                                               Asset Management Ltd          
                                                                             
24 April 2009        Net Asset Values          Announcement of net asset     
                                               value at 31 March 2009        
                                                                             
13 May 2009          Interim Management        Announcement of interim       
                     Statement                 management statement for the  
                                               quarter ended 31 March 2009   
                                                                             
15 May 2009          Net Asset Values          Announcement of net asset     
                                               value at 30 April 2009        
                                                                             
16 June 2009         Net Asset Values          Announcement of net asset     
                                               value at 31 May 2009          
                                                                             
16 July 2009         Net Asset Values          Announcement of net asset     
                                               value at 30 June 2009         
                                                                             
17 August 2009       Net Asset Values          Announcement of net asset     
                                               value at 31 July 2009         
                                                                             
30 September 2009    Monthly Fact Sheet        Announcement that the fact    
                                               sheet to 30 September 2009 had
                                               been sent to the Document     
                                               Viewing Facility.             
                                                                             
8 October 2009       Net Asset Values          Announcement of net asset     
                                               value at 30 September 2009    
                                                                             
15 October 2009      Final Results             Announcement of results for   
                                               the year ended 30 June 2009   
                                                                             
30 October 2009      Change of investment      Announcement that the         
                     manager / retirement of   appointment of New Star Asset 
                     Mr James Roe              Management Ltd as the         
                                               Company's Manager had been    
                                               terminated with effect from 31
                                               January (or such earlier date 
                                               as may be agreed) and that Mr 
                                               James Roe had retired as a    
                                               director                      
                                                                             
11 November 2009     Net Asset Values          Announcement of net asset     
                                               value at 31 October 2009      
                                                                             
18 November 2009     AGM Result                Announcement that all         
                                               resolutions had been passed at
                                               the AGM held on 18 November   
                                               2009 and that a copy of the   
                                               special business had been     
                                               submitted to the Document     
                                               Viewing Facility              
                                                                             
18 November 2009     Interim Management        Announcement of the interim   
                     Statement                 management statement in       
                                               respect of the quarter ended  
                                               30 September 2009             

Copies of documents published via PR Newswire can be obtained at the Company's
registered office: 1 Knightsbridge Green, London SW1X 7NE

Documents filed at Companies House

All of the documents listed below were filed with Companies House on or around
the dates indicated:

Date                 Brief description of document (where necessary          
                                                                             
19 January 2009      Form 353a                                               
                                                                             
30 April 2009        Annual Return                                           
                                                                             
12 October 2009      Form AD02 and AD03 in respect of the Company's single   
                     alternative inspection location                         
                                                                             
13 October 2009      Forms TM01 in respect of the retirement of Mr James Roe 
                     as a director                                           
                                                                             
30 November 2009     Annual Accounts                                         

Copies of documents filed with Companies House can be obtained at the Company's
registered office: 1 Knightsbridge Green, London SW1X 7NE

Printed Publications

The Annual Report and Accounts for the year ended 30 June 2009 and the Half
Year Report for the six months ended 31 December 2008 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

4 December 2009