Announcement

'New Star Enhanced Income Trust Plc ("the Company") received notification from
Aberdeen Asset Managers Limited ("Aberdeen") on 7th July, 2003 that following
the termination of their investment management agreement with Real Estate
Opportunities PLC their aggregate interest in the Company has been reduced by
3,550,000 Ordinary Income shares ("Shares").

Aberdeen and its associated companies now hold 9,146,710 Shares representing
18.48% of the issued share capital of that class.'



END