Net Asset Value update at 30 September 2008

Starvest Plc

Net asset value update at 30 September 2008
The Directors report the net  asset value of the Company's  portfolio
at 30 September 2008.  The values are based on closing bid prices  or
directors' lower valuation where it is considered necessary and show:

*          Investment portfolio net asset value pre
  tax:                      £6.44m
*          Company net asset value pre tax:
              £4.8m
*          Net asset value per share before tax on unrealised
  profits: 13.18 pence per share, fully  diluted , but excluding
  under water options
*          Closing share price:
                          12.25 pence
*          Share price discount to net asset value:
                          7.05%
*          Market
  capitalisation:
  £4.28m

Against the background of the current turmoil in world markets and in
common with the small-cap natural resources market in which  Starvest
is largely invested, the portfolio value has continued to decline  in
the last quarter and therefore shows a significant loss compared with
the value of £15.1m at 30 September 2007.  Overall, unrealised losses
are matched by unrealised profits on other investments.
The Board expects to announce the  Company's results for the year  to
30 September 2008 before the end of October and to publish the annual
report by  mid  November.  This  will  contain a  commentary  on  the
overall investment portfolio performance, on each of the  investments
held as well as some thoughts for the future.
Enquiries to:

  * Bruce Rowan, telephone [phone]
  * John Watkins, telephone [phone], or to [e-mail]
  * Gerry Beaney or Colin Aaronson, Grant Thornton Corporate Finance,
    telephone [phone]

1 October 2008

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