NEW STAR INVESTMENT TRUST PLC

Major Shareholding Notification • Mar 26, 2020

New Star Investment Trust PLC (NSI) 25-March-2020 / 14:55 GMT/BST Dissemination of a RegulatoryAnnouncement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

Replacement Announcement: This announcement replacesthe Holding(s) in Company announcement released at 07:33 on 25 March 2020, which incorrectly stated the Ordinary Shares and ISIN number. The updated announcement below containsthe corrected figuresin section 8A.

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) i
1a. Identityof the issuer or the underlying issuer of existing Worsley Investor Ltd shares to which voting rights are attached ii:
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights						X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
iii: Other (please specify)
3. Details of person subject to the notification obligation		iv
Name New Star Investment Trust Plc
City and country of registered office (if applicable)					London, UK
4. Full name of shareholder(s) (if different from 3.)	v
Name BBH - Crest ID CRESTGB22
City and country of registered office (if applicable)						-
5. Date on which the threshold was crossed or reached vi:			06 March 2020
6. Date on which issuer notified (DD/MM/YYYY):			06 March 2020
7. Total positions of person(s) subject to the notification obligation
	% of voting rights attached to shares (total of 8. A)		% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)	Total of both in % (8.A + 8.B)	Total number of voting rights of issuer vii
Resulting situation on the date on which threshold was crossed or reached	5.33%	-		5.33%	33,740,929
Position of previous notification (if applicable)	N/A	N/A

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii
A: Voting rights attached to shares
Class/type of		Number of voting rights ix	%of voting rights
shares ISIN code (if possible)	Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)	Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)	Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)	Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)
Ordinary Shares of 30p eachGG00BHXH0C87	1,800,000	-	5.33%	-
SUBTOTAL 8. A	1,800,000		5.33%

B 1: Financial Instruments according toArt. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

Type of financial instrument	Expiration date x	Exercise/ Conversion Period xi	Number of voting rights that may be acquired if the instrument is exercised/converted.	%of voting rights
		SUBTOTAL 8. B 1

B 2: Financial Instrumentswith similar economic effect according toArt. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument	Expiration date x	Exercise/ Conversion Period xi	Physical or cash settlement xii	Number of voting rights	%of voting rights
			SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the
applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other		xiii
undertaking(s) holding directly or indirectly an interest in the (underlying) issuer
Full chain of controlled undertakings through which the voting rights and/or the xiv financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary)
Name xv	%of voting rights if it equals or is higher than the notifiable threshold	%of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold

10.In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held

11.Additional information xvi

Place of completion Chelmsford
Date of completion	20/03/2020

ISIN: GB0002631041 Category Code: HOL TIDM: NSI OAM Categories:2.3. Major shareholding notifications Sequence No.: 54678 EQS News ID: 1007111

End ofAnnouncementEQS News Service