Starvest PLC Net Asset Value at 30 June 2018 (4207T)

TIDMSVE

RNS Number : 4207T

Starvest PLC

03 July 2018

3 July 2018

Starvest Plc ("Starvest" or "the Company")

Net Asset Value at 30 June 2018

Starvest PLC (LON:SVE), the London Stock Exchange AIM listed specialist mining and resources investment business, announces a Net Asset Value update as at 30 June 2018.

Callum Baxter, Chairman and CEO commented: 'We saw increased activity in the mining sector throughout the three months to 30 June 2018. Pleasingly this was reflected in our trading portfolio value which increased more than 85% over the period, and our net asset value has risen to more than 4.4p per share. We aim to continue outperforming the general market with our selected portfolio focussed on exciting opportunities within the sector.'

The net asset value as at 30 June 2018 was as follows:

 
                             30 June  31 Mar 2018   30 June 
                                2018                  2017 
 Trading portfolio          GBP2.22m   GBP1.18m     GBP1.54m 
  value 
 Company net asset          GBP2.37m   GBP1.38m     GBP1.87m 
  value 
 Net asset value          4.47 pence  2.61 pence   3.54 pence 
  per share 
 Share price - mid        2.90 pence  2.13 pence   3.50 pence 
 Share price discount 
  to net asset value             35%      18%          1% 
 Market capitalisation      GBP1.53m   GBP1.13m     GBP1.85m

All valuations are based on the closing market prices or lower directors' valuation as described in the 2017 annual report. The discounts applied to close prices at 30 June 2018 totalled GBP221,491.

Starvest is a specialist mining and resource investment company and has the industry knowledge and market exposure to select compelling opportunities early in the investment cycle.

Investors are encouraged to view our RNS feed on the Starvest web site www.starvest.co.uk/announcements

Callum N Baxter

Chairman & Chief Executive

3 July 2018

Enquiries to:

Starvest PLC

Callum Baxter Chairman/CEO +44 7922 255 933 cbaxter@starvest.co.uk

Grant Thornton UK LLP (Nomad)

Colin Aaronson or Harrison Clarke +44 2073 835 100

SI Capital Ltd (Appointed Broker)

Nick Emerson or Alan Gunn +44 1483 413 500

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