Net Asset Value(s)

Starvest PLC
12 December 2006

Tuesday 12 December 2006






Net asset value at 11 December 2006

The Directors report a 5% increase of £600,000 in the value of the Starvest
portfolio since 30 September 2006, the Company's last financial year end.

With one exception, the net asset value is based on mid-market closing prices on
Monday 11 December 2006 which was £12.7m and equates to 31 pence per share.  All
values are calculated on a fully diluted pre tax basis.

The exception relates to the valuation of the investment in Concorde Oil & Gas
plc which has been determined after making a provision of 50% against the
closing price on 24 November 2006 when the shares were suspended at the
company's request pending the outcome of an EGM to be held on Monday 18 December
2006.

With the Starvest share price closing at 16 pence, the discount to net asset
value at 11 December 2006 was 48%.  The Starvest market capitalisation closed at
£5.95m.

The increase in portfolio value is due to an improvement in the share prices of
several of the portfolio investments which in turn reflect positive trading news
from these companies and continuing strength in the world's natural resource
markets due to high demand levels from China, India and other developing
nations.  During the period Starvest has completed an investment in Kefi
Minerals plc which is expected to be admitted to AIM on 18 December.  Kefi has
mineral exploration interests in Bulgaria and Turkey.  In addition, Starvest has
made an investment in DTT plc, a company involved in the provision of driving
training and recruitment services to the road haulage industry; the company is
quoted on PLUS Markets.

Annual general meeting

The 2006 AGM will be held on Tuesday 12 December at 3.00 pm at Jurys Kensington
Hotel, 109-113 Queens Gate, London SW7 5LR.



R Bruce Rowan
Chairman & Chief Executive



12 December 2006



Enquiries to Bruce Rowan, telephone [phone], to John Watkins 01483 771992
or to [e-mail]





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