20 June 2008

New Star Asset Management Group PLC

Results of General Meeting

The Board of New Star Asset Management Group PLC (the "Company"), gives notice that at the General Meeting of the Company held today, all of the resolutions proposed in the Notice of Meeting in connection with the approval and establishment of the New Star Employee Shared Ownership Plan were duly passed on a show of hands.

For information, the proxy votes received were as follows:

RESOLUTIONS VOTES FOR % VOTES % VOTES TOTAL VOTES VOTES VOTES AGAINST AGAINST CAST WITHHELD FOR * ** Ordinary Resolution 1 To approve and 130,574,466 89.14 15,903,124 10.86 146,477,590 4,445,309

establish the New Star Employee Shared Ownership Plan. Special Resolutions

2 To authorise the 139,951,053 95.52 6,560,335 4.48 146,511,388 4,411,511

Company to enter into a call option agreement enabling it to purchase ordinary shares in the Company from the Trustee of The New Star 2008 Employees' Share Trust (No. 1). 3 To authorise the 139,951,053 95.52 6,560,335 4.48 146,511,388 4,411,511 Company to enter into a call option agreement enabling it to purchase ordinary shares in the Company from the Trustee of The New Star 2008 Employees' Share Trust (No. 2).

* The votes `For' include those votes giving the Chairman discretion.

**The votes `Withheld' are not a vote in law and are not counted in the calculation of the proportion of votes "for" and "against" a resolution.

A summary of proxy votes received will shortly be available on the Company's website, www.newstaram.com.

In accordance with Listing Rule 9.6.2 R, two copies of all special resolutions passed by shareholders at the General Meeting, will be submitted to the UK Listing Authority shortly and will be available for inspection at the UK Listing Authority's Document Viewing Facility, which is situated at:

Financial Services Authority 25 The North Colonnade Canary Wharf London E14 5HS