SVE Starvest Plc

 
TIDMSVE 
 
Starvest Plc ("Starvest" or "the Company") 
 
 
 
Sheba Exploration (UK) plc  ("Sheba") 
 
The  Company notes  that its  investee company  Sheba has reached agreement with 
Centamin Egypt Limited ("Centamin") under which Centamin is making a recommended 
offer  for  the  entire  share  capital  of  Sheba.   The  offer values Sheba at 
approximately 6.15 pence per Sheba share.  The Company has signed an irrevocable 
acceptance of the offer. 
 
The  increase in the value of the Company's investment, which is likely to be in 
the region of  GBP750,000 once proceeds from the disposal and the value of Centamin 
shares  have been taken into  account, will be reflected  in the net asset value 
statement  to  be  made  at  30 September  2011 in accordance with the Company's 
established practice. 
 
 
 
 R Bruce Rowan 
 
 Chairman & Chief Executive 
 
 12 July 2011 
 
 
 
 
Enquiries to: 
 
Bruce   Rowan,   Chairman   020 7486 3997 or   John  Watkins,  Finance  Director 
07768 512404; john@starvest.co.uk 
 
Colin Aaronson or David Hignell, Grant Thornton Corporate Finance 020 7383 5100 
 
END 
 
 
 
 
 
 
 
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Thomson Reuters clients. The owner of 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 
 
[HUG#1530306] 
 

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