New Star Inv Regulatory News (NSI)

NEW STAR INVESTMENT TRUST PLC Unaudited interim management statement for the quarter ended 31 March 2014 This is the Company's interim management statement for the quarter ended 31March 2014. The statement is being made solely to comply with the requirementsof the UK Listing Authority's disclosure and transparency rules and should notbe relied upon by third parties for any other purpose. Investment objective The Company's objective is to achieve long-term capital growth. Benchmarks 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 the MSCIAC World Total Return Index and the MSCI UK Total Return Index. Financial summary 31 March 2014 31 December 2013 Net asset value per share (bid) (p) 106.89 106.68 Net assets (bid) (£'000) 75,914 75,769 Share price (p) 71.00 68.50 Financial performance Quarter ended Nine months ended 31 March 2014 31 March 2014 % change % change Ordinary share NAV 0.19 3.54 Share price 3.65 5.19 IMA Mixed Investment 40-85% Shares Index 0.28 6.96 MSCI AC World Total Return Index 0.55 6.84 (sterling adjusted) MSCI UK Total Return Index -1.47 8.61 Ten largest holdings Value at % of net assets 31 March 2014 (£'000) Henderson Euro Special Situations 7,985 10.52 Fundsmith Equity 4,935 6.50 Investec Africa 4,402 5.80 Artemis Special Situations 3,961 5.22 Aberforth Geared Income 3,410 4.49 Blackrock Gold & General 3,160 4.16 Trojan Investment 2,980 3.93 Aquilus Inflection 2,687 3.54 Neptune Russia & Greater Russia 2,273 2.99 Gold Bullion Securities 2,057 2.71 -------- -------- Total 37,850 49.86 Cash, as a percentage of net assets, at 31 March 2014 was 16% (30 June 2013: 21%). 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 July2013 and the date of this statement's publication which have had a materialimpact on the financial position of the Company, other than as described above. NAV at 30 April 2014 The Company's published net asset value per share at 30 April 2014 was 105.77p. By order of the BoardPhoenix Administration Services LimitedCorporate Secretary16 May 2013 END This unaudited Interim Management Statement will shortly be available forprinting and/or downloadingfromthe Company's websiteat: www.nsitplc.com.