SVE.L Regulatory News (SVE)

10 Aug 2005 16:33

Starvest PLC10 August 2005 RNS announcement for release Wednesday 10 August 2005 Net asset value at 31 July 2005 • The net asset value based on mid-market closing prices on Friday 29 July 2005 was £6.5 million of which £193,000 was uninvested cash. This valuation equates to 16.9 pence per share calculated on a fully diluted pre tax basis. • With the Starvest share price closing at 8.5 pence, the discount to net asset value at 29 July 2005 was 49%. • During the past three months Starvest has made four new investments as follows: • India Star Energy plc, a company recently admitted to AIM with uranium exploration interests; • Red Rock Resources plc, a spin off from Regency Mines plc and recently admitted to AIM with Australian mineral exploration interests; • Franchise Investment Strategies plc, a company associated with Myhome International plc and expecting to be admitted to Ofex; and • a pre IPO company expecting to be admitted to Ofex later in the year with interests in Russia. Many of the Starvest investments are in the natural resources sector, so it isinevitable that prices and therefore the net asset value will fluctuate fromtime to time. However, this is minimised by the increasing investment spread. Whilst Starvest has no exclusive commitment to the natural resource sector, weremain of the view that this sector has considerable growth potential for theforeseeable future. With our increased spread, the Board believes Starvest tobe an attractive long term investment for private investors. The Board expects to publish the Company's audited results for the full year to31 July 2005 on or about 24 August 2005. Those who wish to receive electronic copies of announcements are invited toregister their email address on the home page of the Company website:www.starvest.co.uk. R Bruce RowanChairman & Chief Executive 10 August 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