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








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Source: Starvest plc via Thomson Reuters ONE
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