FOR IMMEDIATE RELEASE

                                                                1 December 2008

                      New Star Asset Management Group PLC                      

                                 ("New Star")                                  

                             Suspension of shares                              

New Star announces that it is in advanced and constructive discussions with its
bank syndicate. Pending the outcome of these discussions, New Star has
requested a temporary suspension of its ordinary shares. A further announcement
will be made as soon as possible.

Enquiries:

Citigate Dewe Rogerson

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



END



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