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Starvest PLC (SVE)

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Tuesday 14 March, 2006

Starvest PLC

EGM Statement

Starvest PLC
14 March 2006

Starvest plc

Extraordinary general meeting

At an extraordinary general meeting of Members held today, the two resolutions
before Members were both passed. As a consequence, the Company will now petition
the High Court for the share premium account to be reduced by £659,487 thus
eliminating the negative balance on the Company's profit and loss account as at
31 January 2006. This procedure is likely to take several months.

When the court order is granted and with the profits expected to be declared for
the current financial year to 31 July 2006 the Board will consider:

    •a share buy back programme, authority for which was last granted at the
     2005 AGM, and/or
    
    •the payment if a first dividend on ordinary shares.


R Bruce Rowan
Chairman & Chief Executive

14 March 2006


Enquiries to:
Bruce Rowan, telephone 020 7486 3997
John Watkins, telephone 01483 771992 or to john@starvest.co.uk
Company website: www.starvest.co.uk




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