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LET announce new money list sponsor

New Star and the Ladies European Tour (LET) today jointly announced the signing of an agreement that makes New Star the title sponsor of the 2006 LET Money List, the Tour's official international prize money ranking.

Under the new deal, the ranking will be called ‘The New Star Official LET Money List', and New Star will enjoy a significant on-course presence at all of the full ranking Ladies European Tour events throughout the year.

As New Star's only major sports sponsorship, the partnership associates one of Europe's fastest growing and top performing investment companies with one of the world's leading professional sports for women.

"We are extremely pleased to be announcing our first sponsorship deal with New Star," said Alexandra Armas, Executive Director of the Ladies European Tour. "We could not be happier to be partnering with such a first-class, dynamic company that shares our vision for the future of women's golf."

Partnering the Ladies European Tour with New Star has created a natural platform to enhance the growth of New Star's business in Europe .

“New Star has seen considerable international demand for our top ranking fund managers and products. We have built the foundation for our international business and we will undertake a series of major marketing initiatives in Europe over 2006,” said Mark Skinner, Managing Director of New Star. “The Ladies European Tour, with 19 major events and prize money of over €9,000,000, will give us an excellent platform for developing our profile and relationships across continental Europe .”

New Star brings industry leading investment expertise and is the UK 's largest independent retail fund manager with approximately US$27.4 billion under management*. The Ladies European Tour is the leading women's professional golf tour in Europe , with a total membership of 312 female golfers from 34 different countries. In 2006, the Tour boasts the richest schedule in its 26-year history. The partnership can only help to further enhance the reputation of New Star as one of the fastest growing and top-performing investment companies, both in the UK in throughout Europe .

February 1, 2006

 




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