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 30 September 2012 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; john@starvest.co.uk Gerry Beaney, Colin Aaronson or David Hignell - Grant Thornton Corporate Finance 020 7383 5100 END This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Starvest plc via Thomson Reuters ONE [HUG#1663718]