New Star Inv Regulatory News (NSI)

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 2012on 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