SVE.L Regulatory News (SVE)

4 January 2017

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

Net asset value update at 31 December 2016

The Company announces the net asset value as at the close of business on 31 December 2016 as follows:

All valuations are based on the closing market bid prices or lower directors' valuation as described in the 2015 annual report. The discounts applied to bid prices at 31 December 2016 totalled £121,582.

The ever cyclical nature of the resources sector is reflected in the decline of our trading portfolio value throughout the quarter to 31 December 2016. Positive sentiment seen in previous quarters waned which slowed company valuations and impeded advancement of their respective projects. However, we are looking toward a changing global economic environment and this presents an opportunity to capitalise on the depressed valuations which continue in the sector.

Reflecting over the past year to 31 December, it should be recognised there has been a significant increase in valuations of a number of stocks, for example Alba Minerals +40%, Ariana +100%, BMR +125%, Greatland Gold +75% and Salt Lake Potash +50%. Any funds generated from sales of stock were fed back into investments and general working capital. And, of course, we operate with low overheads. I am looking forward to 2017 and the opportunities it will bring.

Enquiries to:

Callum Baxter, Chairman cbaxter@starvest.co.uk or John Watkins, Finance Director 07768 512 404; jwatkins@starvest.co.uk

Colin Aaronson or Harrison Clarke - Grant Thornton UK LLP - 020 7383 5100.

Nick Emerson or Andy Thacker - SI Capital Limited - 01483 413500

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