ANNOUNCEMENT                                  

29 July 2003

          NEW STAR ENHANCED INCOME TRUST PLC and NSEIT ZEROS 2008 PLC          

                          (together the "Companies")                           

                         MEMBERS VOLUNTARY LIQUIDATION                         

The board of directors of both of the Companies announce that the Companies'
shareholders have today passed the resolutions at the extraordinary general
meetings of both Companies and a class meeting of NSEIT Zeros 2008 PLC placing
the Companies into Members Voluntary Liquidation.

A copy of the resolutions has been submitted to the UK Listing Authority, and
will shortly 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

Tel. No. 020 7676 1000

(Documents will usually be available for inspection within six normal business
hours of this notice being given)

Enquiries to Philip Butt, New Star Enhanced Income Trust PLC (020 7225 9200) or
Lucy Copeman, Polhill (020 7655 0540).

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