EMBARGOED UNTIL 7.15AM 30 March 2007
Not for release, publication or distribution in whole or in part in or into the United States, Australia, Canada or Japan.
New Star Asset Management Group PLC
("New Star" or "the Company")
Purchase of ordinary shares of 5p each in New Star ("Shares")
New Star announces that it has acquired off-market for cancellation 500,000 Shares at a price of 1p per Share. These Shares have been acquired from the trustees of one of its employee benefit trusts pursuant to authorities previously granted at the Company's 2006 Annual General Meeting.