Net asset value update at 7 December 2012

Monday 10 December 2012

Starvest Plc
Net asset value update at 7 December 2012

In preparation for the Company's Annual General Meeting to be held at 3.00 pm today as previously announced, the following is a brief update of the Company's performance and portfolio value as at the close of business on 7 December 2012.

	7 December   2012	30  September 2012
Trading portfolio value	£3.02m	£3.51m
Company asset net value	£3.39m	£3.66m
Net asset value per share	9.14 pence	9.86 pence
Share price - mid	5.88 pence	6.5 pence
Share price discount to net asset value	36%	34%
Market capitalisation	£2.18m	£2.41m

All valuations are based on the closing market bid prices or lower directors' valuation as described in the 2012 annual report.

Investee company values have fallen by 14% since 30 September 2012, continuing the steady decline since the end of 2010 and consistent with the natural resources sector in which we are predominantly focussed.  It remains our belief that the troubled state of the world economy will continue to dominate markets for some time to come.  Having already received the tax refund indicated in the annual report to 30 September 2012, the Company is well placed to await a recovery.

Disclosures for the Annual General Meeting 10 December 2012

In accordance with the Disclosure and Transparency Rules, the Company advises that for the purpose of the Annual General Meeting today, the Chairman, Ronald Bruce Rowan, will hold discretionary proxies for each resolution in addition to 10,170,000 Ordinary shares in a personal capacity.  Therefore, the Chairman's total interest to be disclosed is as follows:

Resolution 1	10,230,338	27.56%
Resolution 2	10,230,338	27.56%
Resolution 3	10,230,338	27.56%
Resolution 4	10,230,338	27.56%
Resolution 5	10,230,338	27.56%
Resolution 6	10,230,338	27.56%

At the conclusion of the meeting, the Chairman's personal interest will revert to 27.40%

R Bruce Rowan Chairman & Chief Executive 10 December 2012

Enquiries to:

Bruce Rowan, Chairman 020 7486 3997 or John Watkins, Finance Director 07768 512404; [e-mail]

Gerry Beaney, Colin Aaronson or David Hignell - Grant Thornton Corporate Finance 020 7383 5100

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Source: Starvest plc via Thomson Reuters ONE

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