Starvest PLC
14 March 2006

Starvest plc

Net asset value update at 13 March 2006

The Directors are pleased to report the continuing increase the net asset value
of the Company's portfolio since 31 January 2006. Based on mid-market closing
prices on Monday 13 March, the position was:

  •Company net asset value pre tax:     £18.8m
  
  •Net asset value per share pre tax:   45.3 per share, fully diluted
  
  •Share price:                         26.25 pence
  
  •Share price discount to NAV:         42.05%
  
  •NAV increase since 31 January 2006:  £2.3m


Investments

Other than where required by the relevant regulations, it is not the policy of
the Company to disclose the number of shares held in investee companies. However
the Directors have decided to make an exception and advise that following recent
sales of 5.75m ordinary shares in African Platinum plc at prices up to 30.25
pence per share, the Company has recently raised £1.7m and made a gross profit
of £1.64m. The Company continues to have a substantial holding of 10.25m
ordinary shares in African Platinum plc approximating to 2.4% of the shares in
issue.

Since the Interim report issued as at 31 January 2006, Starvest has made a new
investment in Sunrise Diamonds plc, added to its investment in St Helen's
Capital plc and committed to support Greatlands Gold plc, a company with
advanced gold resources in Western Australia and Tasmania, which expects to be
admitted to AIM later this year.


Extraordinary general meeting

The result of the extraordinary general meeting of Members to be held at 3.00 pm
today will be announced later.


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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