Net Asset Value(s)

Monday 11 October 2010



Net asset value update - 8 October 2010

The Starvest investment performance since 30 September 2009 has been mixed.

During  the year  ended 30 September  2010, net of  debt, the  Company net asset
value  appreciated by 4.2% closing at £4.19m.  However, during the ten months to
end  July 2010, market conditions were very tough, especially for junior mineral
exploration  companies many of which struggled to raise necessary cash.  The low
point  was at  the end  of July  since when  a 75% recovery  has transformed the
portfolio.  The facts at the 30 September and on 8 October 2010 were as follows:

                              30 September 2010 8 October 2010 30 September 2009

Trading portfolio value                  £4.57m         £4.82m            £4.72m

Company asset value net of               £4.19m         £4.42m            £4.02m
debt

Net asset value - fully             11.28 pence    11.91 pence       10.72 pence
diluted per share

Share price - mid                    7.75 pence     8.75 pence       11.75 pence

Share price discount to fully             31.3%         26.56%        9% premium
diluted net asset value

Market capitalisation                    £2.84m         £3.21m             £4.1m



The  next valuation will be as at  31 December 2010, or earlier if values change
significantly.

 R Bruce Rowan

 Chairman & Chief Executive

 11 October 2010




Enquiries to:

Bruce   Rowan,   Chairman   020 7486 3997 or   John  Watkins,  Finance  Director
07768 512404; [e-mail]

Gerry Beaney or Colin Aaronson Grant Thornton Corporate Finance 020 7383 5100
                                                                                                                                        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