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      New Star Investment Trust PLC
of existing shares to which voting rights are
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           Jupiter Asset Management Limited
the notification obligation: iii

4. Full name of shareholder(s)
(if different from 3.):iv

5. Date of the transaction and date on                   2 March 2010
which the threshold is crossed or
reached: v

6. Date on which issuer notified:                        3 March 2010

7. Threshold(s) that is/are crossed or                        10%
reached: vi, vii
 
8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of            Situation previous                          Resulting situation after the
shares                    to the triggering                             triggering transaction
                             transaction
 
if possible
using
the ISIN CODE
                      Number            Number            Number        Number of voting    % of voting rights
                        of                of            of shares            rights                 x
                      Shares            Voting
                                        Rights
                                                         Direct    Direct xi   Indirect     Direct    Indirect
                                                         xii
Ordinary            7,109,331         7,109,331                               7,091,531                9.985
 

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.

 
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 period      instrument refers to     rights xix, xx
                                                        xviii
                                                                                                            Delta
 
Total (A+B+C)

                    Number of voting rights                                 Percentage of voting rights

                           7,091,531                                                   9.985
 

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 - 7,091,531
 

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 71,024,000

14. Contact name:                       Shannon Craddock

15. Contact telephone number:           020-7314-4775