Net Asset Value(s)

Starvest PLC
01 February 2006

RNS announcement for release Wednesday 1 February 2006

Starvest plc


Net asset value at 31 January 2006

The Directors report a 96% increase of £8.1m in the value of the Starvest
portfolio since 31 October 2005, the date of the last quarterly update.
The net asset value based on mid-market closing prices on Tuesday 31 January
2006 was £16.5m, which equates to 39.9 pence per share, an increase of 18.4
pence per share since 31 October. All values are calculated on a fully diluted
pre tax basis.

With the Starvest share price closing at 15 pence, the discount to net asset
value at 31 January 2006 was 62%.

Interim statement

The Board plans to issue a full interim statement during the week of 13 February
2006.

Periodic updates

Investors who wish to receive electronic copies of announcements are invited to
register their email address on the home page of the Company website:
www.starvest.co.uk.


R Bruce Rowan
Chairman & Chief Executive


1 February 2006


Enquiries to:
Bruce Rowan, telephone [phone] or to [e-mail]
John Watkins, telephone [phone] or to [e-mail]




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