SVE Starvest Plc

RNS Number:0025F
Starvest PLC
08 November 2004




RNS Announcement: 8 November 2004

                          Starvest plc: Quarterly update

The Company announces that the net asset value based on mid-market closing
prices on Friday 29 October 2004 was #7.568 million, that is 19.35 pence per
share calculated on a fully diluted basis.

In his quarterly update to Shareholders, the Chairman states:
"With the Starvest share price closing at 11.25 pence, the discount to net asset
value was 42%.

"Starvest has made one further acquisition during the past three months and now
holds trade investments in the following companies:

   * Agricola       Platinum exploration in the    www.agricolaresources.com
     Resources plc  Shetlands

   * Beowulf Gold   Gold exploration in            www.beowulf-gold.com
     plc            Sweden

   * Black Rock     Oil and gas in England and     www.blackrockpetroleum.com.au
     Oil & Gas plc  Australia

   * Brazilian      Diamond exploration in         www.braziliandiamonds.com
     Diamonds       Brazil
     Limited

   * Franconia      North American minerals        www.franconiaminerals.com
     Minerals
     Corporation

   * Gippsland      Tantulum exploration in        www.gippslandltd.com.au
     Limited        Egypt

   * Hidefield      Gold exploration in            www.hidefield.com
     Gold plc       Brazil

   * Matisse        Cash shell
     Holdings plc

   * Myhome         Domestic cleaning              www.myhomeplc.com
     International  services
     plc

   * Sheba          Gold exploration in            www.shebagold.com
     Exploration    Ethiopia
     (UK) plc

   * Southern       High value minerals in
     African        South Africa and Botswana
     Resources plc

   * St Helens      Corporate finance advisor      www.sthelenscapital.co.uk
     Capital plc

"During the past two years, Starvest has developed a spread of investments which
we will continue to expand. Whilst we have no exclusive commitment to the
natural resource sector, we see this as having considerable growth potential for
the foreseeable future."

"In addition, I am pleased to report:

   * Starvest is currently committed to four further investments; each
     investee company expects to launch on to AIM or OFEX within the next three
     months.

   * Starvest continues to receive new investment proposals from businesses,
     mainly in the resources sector, which are evaluated over a period of six to
     twelve months before a commitment is made. So as to finance these
     opportunities, it is likely that the Board will seek to raise further funds
     during the coming months."

END

Enquiries: John Watkins 01483 771992




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

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