NEW STAR INVESTMENT TRUST PLC

Declaration of Voting Results & Voting Rights Announcements • Nov 15, 2019

NEW STAR INVESTMENT TRUST PLC

AGM RESULT & PERFORMANCE FEE ANNOUNCEMENT

New Star InvestmentTrust plc(the 'Company') announces thatat the Annual General Meeng of the Company duly convened and held today, 14 November 2019,all Resoluonsas set out in the Noce of Meeng were passed on ashow of hands.The full text of each resoluon can be found in the Annual Reportand Accounts for the year ended 30 June 2019, which isavailable at www.nsitplc.com. In accordance with lisngrule 9.6.2 a copy of all resoluons passed asSpecial Businessat the Meeng will be available for inspecon at the Naonal Storage Mechanism shortly. Proxy votes received for the resoluonsare shown below.

PERFORMANCE FEE

The performance fee arrangements were agreed in 2008, just before the financial crisis, with a hurdle rate based on Libor, when Libor wasabove 5%.The investment managerand the Board have discussed the appropriateness of the performance fee methodologygiven that we appear to be in alower interest rate environment.The investment managerand the company no longer believe that the performance fee methodology is appropriate and have agreed that with effect from the first of January 2020, the performance fee arrangement will cease.Therefore the period to 31 December 2019will be the last period for which the manager will be eligible fora performance fee.There will be no changes to the annual management fee charged by the investment manager.

AGM PROXY VOTING

	Votes for	Votes	% (of votes cast for &	Votes	% (of votes cast	Total votes (excl.	Votes
		discretionary	discreonary)	against	against)	withheld)	withheld
Resoluon 1 48,146,090		22,146	100.00%	0		0.00% 48,168,236	3,340
Resoluon 2 48,134,090		22,146	99.98%	12,000		0.02% 48,168,236	3,340
Resoluon 3 48,149,430		22,146	100.00%	0		0.00% 48,171,576	0
Resoluon 4 48,052,839		22,146	99.98%	10,000		0.02% 48,084,985	86,591
Resoluon 5 47,981,856		22,146	100.00%	0		0.00% 48,004,002	167,574
Resoluon 6 47,971,856		22,146	99.98%	10,000		0.02% 48,004,002	167,574
Resoluon 7 48,139,430		22,146	99.98%	10,000		0.02% 48,171,576	0
Resoluon 8 48,139,430		22,146	99.98%	10,000		0.02% 48,171,576	0
Resoluon 9 48,137,430		22,146	99.98%	12,000		0.02% 48,171,576	0
Resoluon 10	48,149,430	22,146	100.00%	0		0.00% 48,171,576	0
Resoluon 11	48,149,430	22,146	100.00%	0		0.00% 48,171,576	0
Resoluon 12	48,139,430	22,146	99.98%	10,000		0.02% 48,171,576	0

Maitland Administraon Services Limited - Corporate Secretary 14 November 2019

ISIN: GB0002631041 Category Code: RAG TIDM: NSI OAM Categories:3.1.Additional regulated information required to be disclosed under the laws of a Member State Sequence No.: 29358 EQS News ID: 913615

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