FOR IMMEDIATE RELEASE

                                                                1 December 2008

                      New Star Asset Management Group PLC                      

                                 ("New Star")                                  

                             Suspension of shares                              

Further to the earlier announcement today, the UKLA has denied New Star's
request for a suspension of trading in its ordinary shares. 

Discussions with our bank syndicate are continuing and a further announcement
will be made when the outcome of these discussions is known.

Enquiries:

Citigate Dewe Rogerson

Anthony Carlisle (office) 020 7638 9571 (mobile) 07973 611888



END


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