SVE Starvest Plc

RNS Number:1518S
Starvest PLC
04 October 2005


Starvest plc


Net asset value at 30 September 2005

The Directors report a 32% increase of #2.1m in the value of the Starvest
portfolio since 31 July 2005, the Company's last financial year end.

The net asset value based on mid-market closing prices on Friday 30 September
2005 was #8.6m, which equates to 21.9 pence per share, an increase of 5 pence
per share since 31 July. All values are calculated on a fully diluted pre tax
basis.

With the Starvest share price closing at 10.5 pence, the discount to net asset
value at 30 September 2005 was 52%.

The increase in portfolio value is due in part to the successful funding of two
new ventures, Concorde Oil & Gas plc, a company engaged in seeking oil assets in
Russia and Franchise Investment Strategies plc, a company associated with Myhome
International plc, a successful franchise business. Starvest supported both
these companies pre IPO and again at IPO.

In addition, African Platinum plc has recovered some of its lost ground after
announcing year end results, a strong asset base including cash and plans for
the future.

The remaining portfolio holdings have shown the varied performance expected in
the absence of major developments.


Annual general meeting

The 2005 AGM will be held on Tuesday 11 October at 3.00 pm at the offices of
Grant Thornton, Euston Square, Melton Street, London NW1.


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

3 October 2005

Enquiries to Bruce Rowan, telephone 020 7486 3997 or to chairman@starvest.co.uk




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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