Quarterly update

Starvest PLC
02 July 2007

Starvest plc




Net asset value at 30 June 2007

The Directors report a 25% increase of £3.8m in the value of the Starvest
portfolio since 31 March 2007, the date of the last quarterly update.

The net asset value based on mid-market closing prices on Friday 29 June 2007
was £19.2m, which equates to 47.4 pence per share, an increase of 9.7 pence per
share since 31 March.  All values are calculated on a fully diluted pre tax
basis, except that a full tax provision has been made on realised trading
profits.

During the quarter, the Starvest share price has risen from 26.5 pence to close
at 31.75 pence; the discount to net asset value at 30 June 2007 was 33%.

Interim statement

The Directors plan to issue a nine month interim statement on 12 July 2007.

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.



Enquiries to:

Bruce Rowan, Chairman, telephone [phone] or John Watkins, Finance
Director, telephone [phone] or to [e-mail]

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



2 July 2007



End




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