New Star Inv Regulatory News (NSI)

NEW STAR INVESTMENT TRUST PLC Unaudited Interim Management Statement for the quarter ended 30 September 2014 This is the Company's interim management statement for the quarter ended 30September 2014. The statement is being made solely to comply with therequirements of the UK Listing Authority's disclosure and transparency rulesand should not be relied upon by third parties for any other purpose. Investment objective The Company's objective is to achieve long-term capital growth. Performance Indicators The Board has agreed that to measure the extent to which the Company isachieving its investment objective, reference should be made to the returns ofthe IMA Mixed Investment 40 - 85% Shares Index. The Board also considers theMSCI AC World Total Return Index and the MSCI UK Total Return Index. Financial summary 30 September 2014 30 June 2014 Net asset value per share (bid) (p) 107.61 107.33 Net assets (bid) (£'000) 76,432 76,227 Share price (p) 72.50 71.50 Financial performance Quarter ended Financial year to 30 September 2014 date % change % change Ordinary share NAV 0.26 0.26 Share price 1.40 1.40 IMA Mixed Investment 40-85% Shares 0.71 0.71Index MSCI AC World Total Return Index 3.15 3.15 (sterling adjusted) MSCI UK Total Return Index -0.91 -0.91 Ten largest holdings Value at 30 September 2014 (£'000) % of net assets Henderson Euro Special Situations 7,640 10.00 Fundsmith Equity 5,341 6.99 Artemis UK Special Situations 3,947 5.16 FP Brompton Global Conservative 3,372 4.41 Aberforth Geared Income 3,152 4.12 Trojan 3,056 4.00 Blackrock Gold & General 3,040 3.98 Aquilus Inflection Fund 2,543 3.33 Investec Africa 2,533 3.31 First State Indian Subcontinent 2,290 3.00 -------- -------- Total 36,914 48.30 Cash, as a percentage of net assets, at 30 September 2014 was 14.90% (30 June2014: 14.65%). Capital structure The Company has a simple capital structure consisting of Ordinary shares. Therehave been no changes to the Company's issued or authorised share capital, whichremains: 305,000,000 Ordinary shares of £0.01 authorised and 71,023,695Ordinary shares of £0.01 issued. Material events There have been no material events or related party transactions between 1 July2014 and the date of this statement's publication, other than as disclosedabove. NAV at 31 October 2014 The Company's published net asset value per share at 31 October 2014 was107.04p. By order of the BoardPhoenix Administration Services LimitedCorporate Secretary 6 November 2014 END For information purposes, the above unaudited interim management statement hasbeen uploaded onto the Company's website at: www.nsitplc.com.