Starvest plc : Net asset value update

Tuesday 6 December 2011



Net asset value update - 5 December 2011

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 5 December 2011.

                                              5 December 2011 30  September 2011

Trading portfolio value                                £4.99m             £5.47m

Company asset value net of debt                        £5.85m             £6.62m

Net asset value - fully diluted per share         15.65 pence        17.57 pence

Share price - mid                                 12.25 pence         13.0 pence

Share price discount to fully diluted net               21.7%              26.0%
asset value

Market capitalisation                                  £4.49m             £4.77m

                                                              All  valuations
are based on  the closing market bid  prices or lower Directors'
valuation as described in the 2011 annual report.



Values  have fallen by 11.6% since 30 September 2011, reflecting the challenging
environment  in which we  live today.  It  remains our belief  that the troubled
state  of the world economy  will continue to dominate  markets for some time to
come.   Given  the  Company's  current  cash  resources,  we  can afford to wait
patiently for a recovery.



Disclosures for Annual General Meeting 6 December 2011

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      10,250,500         26.27%

Resolution 2      10,243,500         26.25%

Resolution 3      10,243,500         26.25%

Resolution 4      10,243,500         26.25%

Resolution 5      10,353,500         26.54%

Resolution 6      10,363,500         26.56%
Resolution 7      10,263,500         26.30%

At  the conclusion of the meeting,  the Chairman's personal interest will revert
to 26.07%.



 R Bruce Rowan

 Chairman & Chief Executive

 6 December 2011




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 UK LLP Corporate
Finance 020 7383 5100
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Source: Starvest plc via Thomson Reuters ONE

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