Results for the year ended 30 September 2008

Chairman’s statement

I am pleased to present my seventh annual statement to Shareholders for the year ended 30 September 2008.

Click here to download the full announcement (pdf)

Enquiries to:
Bruce Rowan, Chairman 07956 941503 or
John Watkins, Finance Director 01483 771992; john@starvest.co.uk

Gerry Beaney or Colin Aaronson, Grant Thornton Corporate Finance 020 7383 5100

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Announcement 3 January 2008
Chairman’s update for shareholders – January 2008

To download the full announcement click here (PDF)

Enquiries to:
Bruce Rowan, Chairman 020 7486 3997 or
John Watkins, Finance Director 01483 771992; john@starvest.co.uk

Gerry Beaney or Colin Aaronson, Grant Thornton Corporate Finance 020 7383 5100

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Announcement 12 December 2007
Results of Annual General Meeting

The Company is pleased to announce that all resolutions put to shareholders at the Annual General Meeting held today were passed.

Accordingly, the Company will pay a final dividend on 11 January 2008 at the rate of one halfpenny per share to those Members on the register at the close of business on 14 December 2007.

Enquiries to:
Bruce Rowan, Chairman 020 7486 3997 or
John Watkins, Finance Director 01483 771992; john@starvest.co.uk

Gerry Beaney or Colin Aaronson, Grant Thornton Corporate Finance 020 7383 5100

12 December 2007

Announcement 12 December 2007
Net asset value at 11 December 2007

In preparation for Starvest’s annual general meeting later today, the Directors report that the portfolio value at the close of business on 11 December 2007 was £12.68m or 32.75 pence per share fully diluted. The share price discount to net asset value was 12%.

This value represents a 16% decrease of £2.42m in the value of the investment portfolio since 30 September 2007, the Company’s last financial year end. This is in line with the general decline in sentiment and values of the small-cap mineral exploration sector in which the Company is largely invested.

The bases of valuation are consistent with those previously used. With one exception, the net asset value is based on mid-market closing prices and is calculated on a fully diluted pre tax basis. The exception relates to the valuation of the investment in Concorde Oil & Gas plc which is valued at the price of 0.9 pence at which it last issued new shares.

Although the current net asset value is disappointing, the Directors continue to be well satisfied with the progress made during the past year and look forward to value growth in 2008. Some recent highlights include:

• New investments in Alba Mineral Resources plc and Lisungwe plc, both showing value increases since purchase;

• Further investments in Agricola Resources plc, Ariana Resources plc, DTT plc, Goliath Resources Inc and Treslow Limited;

• In addition, Lotus Resources plc is expecting to be admitted to PLUS on 17 December 2007;

• The Company has bought back a further 250,000 shares and now holds 2,300,000 in treasury;

• In the past year, the Company share price has risen from 16 pence on 11 December 2006 to 28.75 pence on 11 December 2007, an 80% increase;

• Subject the Shareholders’ approval at the AGM today, a dividend of 0.5 pence per share will be paid on 11 January 2008.

Annual general meeting

The 2007 AGM will be held on Wednesday 12 December at 3.00 pm at St Ethelburga’s, 78 Bishopsgate, London EC2N 4AG

Voting rights at Annual General Meeting

In accordance with the Disclosure and Transparency Rules, the Company advises that for the purpose of the Annual General Meeting today the Chairman, Bruce Rowan, will hold discretionary proxies for each resolution in addition to 8,570,000 Ordinary shares in a personal capacity. Therefore, the Chairman’s total interest to be disclosed is as follows:

Resolution 1            8,817,428          25.25%

Resolution 2            8,817,428          25.25%

Resolution 3            8,819,928          25.26%

Resolution 4            8,817,428          25.25%

Resolution 5            8,825,428          25.27%

Resolution 6            8,825,428          25.27%

Resolution 7            8,825,428          25.27%

At the conclusion of the meeting, the Chairman’s interest will revert to 24.54%.

R Bruce Rowan
Chairman & Chief Executive

Enquiries to:
Bruce Rowan, Chairman 020 7486 3997 or
John Watkins, Finance Director 01483 771992; john@starvest.co.uk

Gerry Beaney or Colin Aaronson, Grant Thornton Corporate Finance 020 7383 5100

12 December 2007

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Announcement 3 December 2007
Total Voting Rights

In conformity with the Transparency Directive's transitional provision 6, the Company notifies the market of the following:

As at 30 November 2007, the Company's issued share capital consists of 37,217,259 Ordinary shares with a nominal value of 1p each (“Ordinary Shares”), with voting rights.  The Company holds 2,300,000 Ordinary Shares in Treasury.

Therefore, the total number of Ordinary Shares with voting rights is 34,917,259.

The above figure of 34,917,259 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change in their interest in the share capital of the capital of the Company under the FSA's Disclosure and Transparency Rules.

Enquiries to:
Bruce Rowan, Chairman 020 7486 3997 or
John Watkins, Finance Director 01483 771992; john@starvest.co.uk

Gerry Beaney or Colin Aaronson, Grant Thornton Corporate Finance 020 7383 5100

3 December 2007

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Announcement 23 November 2007

Announcement 13 November 2007
Annual report and notice of 2007 Annual General Meeting

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Announcement 30 October 2007
Results for the year ended 30 September 2007
Chairman’s statement

To download the full announcement click here (PDF)

Enquiries to:
Bruce Rowan, Chairman 020 7486 3997 or
John Watkins, Finance Director 01483 771992; john@starvest.co.uk

Gerry Beaney or Colin Aaronson, Grant Thornton Corporate Finance 020 7383 5100

30 October 2007

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Announcement 1 October 2007
Net asset value update at 30 September 2007

The Directors are pleased to report the net asset value of the Company’s portfolio at 30 September 2007. The values are based on the lower of mid-market closing prices or directors’ valuation and show:

- Company net asset value pre tax: £15m
- Net asset value per share before tax on unrealised profits: 38.45 pence per share, fully diluted
- Share price: 29.75 pence
- Share price discount to NAV: 22.63%
- Market capitalisation: £10.4m

In common with the small-cap natural resources market in which Starvest is largely invested, the portfolio value has declined in the last quarter from £19.2m at 30 June but is broadly similar to the value of £15.4m at 30 March 2007. The Starvest portfolio experienced a similar fall in the summer of 2006. However, the net asset value of £15 million which is calculated after making a full provision for tax amounting to £1.5m on the profits taken during the year, shows a 30% increase since 30 September 2006 when the value was £11.5m.

The share price has shown a 75% increase in the year from 17 pence at 30 September 2006.
During the past quarter, Starvest has added investments in two mineral exploration ventures, Ariana Resources plc and Treslow Limited, as well as an investment in Guild Acquisitions plc. In addition, Starvest has added to its investments in Agricola Resources plc, Belmore Resources (Holdings) plc and Beowulf Mining plc and has had its investment in the Durango gold project in Mexico returned to it.

Notwithstanding the decline in the net asset value, the Board remains satisfied with the Company’s spread of investments of which twenty-four are in the natural resource sector. As these companies execute their exploration plans, the Board is confident of a recovery in the market. The remaining six investee companies are in other business sectors.

The Board expects to announce the Company’s results for the year to 30 September 2007 before the end of October. The annual report, expected to be published by mid November, will contain a commentary on each of the investments held.

Enquiries to:
Bruce Rowan, Chairman 020 7486 3997 or
John Watkins, Finance Director 01483 771992; john@starvest.co.uk

Gerry Beaney or Colin Aaronson, Grant Thornton Corporate Finance 020 7383 5100

1 October 2007

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Announcement 31 August 2007
Total Voting Rights

In conformity with the Transparency Directive's transitional provision 6, the Company notifies the market of the following:

Announcement 20 August 2007
Purchase of own shares

Starvest plc (the “Company”) announces that on 17 August 2007, the Company purchased through its broker, Simple Investments, 325,000 Ordinary shares of 1p each in the issued share capital of the Company at a price of 32 pence per Ordinary share. These Ordinary shares are to be held as treasury stock.

Announcement 16 August 2007
Purchase of own shares

Starvest plc (the “Company”) announces that on 15 August 2007, the Company purchased through its broker, Simple Investments, 75,000 Ordinary shares of 1p each in the issued share capital of the Company at a price of 32 pence per Ordinary share. These Ordinary shares are to be held as treasury stock.

Following the above purchase, the Company holds 1,425,000 Ordinary shares in treasury and the total issued share capital of the Company less treasury shares is 35,792,259 Ordinary shares.

This purchase was made pursuant to the authority granted by Shareholders at the Company’s annual general meeting held on 12 December 2006. To date 1,425,000 Ordinary shares have been purchased under this authority.

Announcement 15 August 2007
Disclosure of information required by AIM rule 26

Announcement 13 August 2007
Purchase of own shares

Starvest plc (the “Company”) announces that on 10 August 2007, the Company purchased through its broker, Simple Investments, 100,000 Ordinary shares of 1p each in the issued share capital of the Company at a price of 32 pence per Ordinary share. These Ordinary shares are to be held as treasury stock.

Following the above purchase, the Company holds 1,300,000 Ordinary shares in treasury and the total issued share capital of the Company less treasury shares is 35,917,259 Ordinary shares.

This purchase was made pursuant to the authority granted by Shareholders at the Company’s annual general meeting held on 12 December 2006. To date, 1,300,000 Ordinary shares have been purchased under this authority.

Announcement 6 August 2007
Purchase of own shares

Starvest plc (the “Company”) announces that on 3 August 2007, the Company purchased through its broker, Simple Investments, 150,000 Ordinary shares of 1p each in the issued share capital of the Company at a price of 32 pence per Ordinary share. These Ordinary shares are to be held as treasury stock.

Following the above purchase, the Company holds 1,100,000 Ordinary shares in treasury and the total issued share capital of the Company less treasury shares is 36,117,259 Ordinary shares.
This purchase was made pursuant to the authority granted by Shareholders at the Company’s annual general meeting held on 12 December 2006. To date, 1,100,000 Ordinary shares have been purchased under this authority.

Announcement 12 July 2007
Interim report – nine months ended 30 June 2007
Chairman’s statement

To download the full announcement click here

Announcement 2 July 2007
Net asset value at 30 June 2007

The Directors report a 25% increase of £3.8m in the value of the Starvest portfolio since 31 March 2007, the date of the last quarterly update.

The net asset value based on mid-market closing prices on Friday 29 June 2007 was £19.2m, which equates to 47.4 pence per share, an increase of 9.7 pence per share since 31 March. All values are calculated on a fully diluted pre tax basis, except that a full tax provision has been made on realised trading profits.

During the quarter, the Starvest share price has risen from 26.5 pence to close at 31.75 pence; the discount to net asset value at 30 June 2007 was 33%.

Interim statement
The Directors plan to issue a nine month interim statement on 12 July 2007.

Periodic updates
Investors who wish to receive electronic copies of announcements are invited to register their email address on the home page of the Company website: www.starvest.co.uk

Announcement 14 June 2007
Purchase of own shares

Starvest plc (the “Company”) announces that on 13 June 2007, the Company purchased through its broker, Simple Investments, 200,000 Ordinary shares of 1p each in the issued share capital of the Company at a price of 30 pence per Ordinary share. These Ordinary shares are to be held as treasury stock.

Following the above purchase, the Company holds 950,000 Ordinary shares in treasury and the total issued share capital of the Company less treasury shares is 36,267,259 Ordinary shares.
This purchase was made pursuant to the authority granted by Shareholders at the Company’s annual general meeting held on 12 December 2006. To date, 950,000 Ordinary shares have been purchased under this authority.

Announcement 1 June 2007
Trading update

Starvest (the “Company”) announces:

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Announcement 23 May 2007
Result of EGM and payment of Special Dividend

Starvest plc ("the Company") is pleased to announce that the resolutions put to shareholders at the Extraordinary General Meeting held today were passed.

1. Accordingly, the Company will pay a Special Dividend on 20 June 2007 at the rate of one penny per share to those Members on the register at the close of business on 25 May 2007.

2. The Company will also extend the exercise period of options previously granted to Directors as follows:

• Options over 2,100,000 shares, issued on 27 June 2002 and options over 500,000 issued on 18 November 2003, exercisable at either 5p or 6p per share, to be extended to 31 May 2012, and

• Options over 2,975,000 shares, issued on 14 February 2005, exercisable at 15p per share, to be extended to 31 January 2015.

Announcement 15 May 2007
Net asset value update

As at the close of business on 11 May 2007, Starvest had a holding of 8.25m Ordinary shares in African Platinum plc (“Afplats”) valued at £4,537,500. The Scheme of Arrangement under which Afplats is being acquired by Impala Platinum Holdings Limited was sanctioned by a Court Order on 10 May 2007 to be effective on 14 May 2007.

Accordingly on 28 May 2007, Starvest expects to receive the consideration of £4,537,500.
Under normal circumstances the next net asset value update would be made immediately following 30 June 2007. However, following the conclusion of the Afplats takeover, the directors are pleased to provide an intermediate update.

Taking into account the consequential tax liability resulting from the Afplats takeover and other recent changes in the values of the investment portfolio, the Starvest net asset value as at 11 May 2007 was £16.7m which equates to 40.96 pence per share. This represents an increase of £1.3m since 30 March 2007.

The net asset value is calculated on a fully diluted basis, after a taxation provision on estimated trading profits for the current year to 30 September 2007 of £1.525m but without any provision for taxation on unrealised profits.

The closing share price on 11 May 2007 of 26.5 pence was at a discount to net asset value of 35.3%.

The directors expect to release the next update on 2 July 2007.

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Announcement 24 April 2007
Notice of EGM

Starvest plc ("the Company") has sent to shareholders a notice convening an extraordinary general meeting at Ronaldsons, Solicitors, 55 Gower Street, London WC1E 6HQ at 3.00 pm on Wednesday 23 May 2007 for the purpose of considering and, if thought fit, passing resolutions giving the directors authority to extend the exercise period of options previously granted to Directors and empowering the Directors to pay a Special Dividend on 20 June 2007 at the rate of one penny per share to those Members on the register on 25 May 2007.

Copies of the notice are available free of charge by application in writing to the Company Secretary at the Company’s registered office, 123 Goldsworth Road, Woking, GU21 6LR, by email to email@starvest.co.uk or from the Company’s website at www.starvest.co.uk.

Enquiries to:
Bruce Rowan, Chairman, telephone 020 7486 3997 or
John Watkins, Finance Director, telephone 01483 771992 or to john@starvest.co.uk

Grant Thornton Corporate Finance
020 7383 5100
Gerry Beaney
Colin Aaronson
24 April 2007

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Announcement 24 April 2007
Notice of Extraordinary General Meeting

To download the full details click here

Enquiries to:
Bruce Rowan, Chairman, telephone 020 7486 3997 or
John Watkins, Finance Director, telephone 01483 771992 or to john@starvest.co.uk

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Announcement 12 April 2007

Half-year report – six months ended 31 March 2007
Chairman’s statement

To download the full announcement click here

Enquiries to:
Bruce Rowan, Chairman, telephone 020 7486 3997 or
John Watkins, Finance Director, telephone 01483 771992 or to john@starvest.co.uk

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Announcement 2 April 2007

Net asset value at 31 March 2007
The Directors report a 16% increase of £2.1m in the value of the Starvest portfolio since 31 December 2006, the date of the last quarterly update.

The net asset value based on mid-market closing prices on Friday 30 March 2007 was £15.4m, which equates to 37.7 pence per share, an increase of 5.44 pence per share since 31 December. All values are calculated on a fully diluted pre tax basis.

During the quarter, the Starvest share price has risen from 17 pence to close at 26.5 pence; the discount to net asset value at 31 March 2007 was 29.7%.

Interim statement
The Board plans to issue a full interim statement on 12 April 2007.

Periodic updates
Investors who wish to receive electronic copies of announcements are invited to register their email address on the home page of the Company website: www.starvest.co.uk.

Enquiries to:
Bruce Rowan, Chairman, telephone 020 7486 3997 or
John Watkins, Finance Director, telephone 01483 771992 or to john@starvest.co.uk

2 April 2007

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Announcement 22 February 2007

Starvest plc ("the Company")
Update regarding investment in African Platinum plc

The Company has received a number of enquiries from shareholders and other interested parties concerning its investment in African Platinum plc (Afplats) and wishes to advise that it holds 9,250,000 ordinary shares in that company.  Afplats is the subject of a recommended cash offer at 55 pence per share from Impala Platinum Holdings Limited.

The Company expects to announce its results for the six months to 31 March 2007 on 12 April 2007.

Enquiries to John Watkins, 01483 771992; john@starvest.co.uk

22 February 2007

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Announcement 19 February 2007

The Company was advised on 17 February 2007 that on 16 February 2007 Mr Eirion Andrew Charles Neubauer and associated family interests sold 150,000 Starvest Ordinary Shares of 1p nominal value at a price of 23.5 pence per share and now hold 3,923,300 shares representing 10.7 per cent of the Company's total voting rights.

Enquiries to John Watkins, 01483 771992; john@starvest.co.uk

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Announcement 31 January 2007
Total Voting Rights

In conformity with the Transparency Directive’s transitional provision 6, the Company notifies the market of the following:

As at the date of this announcement, the Company’s issued share capital consists of 37,217,259 Ordinary shares with a nominal value of 1p each (‘Ordinary shares’), with voting rights. The Company holds 500,000 Ordinary shares in Treasury.

Therefore, the total number of Ordinary shares with voting rights is 36,717,259.
The above figure of 36,717,259 Ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change in their interest in the share capital of the capital of the Company under the FSA’s Disclosure and Transparency Rules.

Enquiries to John Watkins, 01483 771992; john@starvest.co.uk

31 January 2007

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Announcement 17 January 2007
Purchase of own shares

Starvest plc (the “Company”) announces that on 16 January 2007, the Company purchased through its broker, Simple CFDs, 500,000 Ordinary shares of 1p each in the issued share capital of the Company at a price of 17 pence per Ordinary share.  These Ordinary shares are to be held as treasury stock.

Following the above purchase, the Company holds 500,000 Ordinary shares in treasury and the total issued share capital of the Company less treasury shares is 36,717,259 Ordinary shares.

This purchase was made pursuant to the authority granted by Shareholders at the Company’s annual general meeting held on 12 December 2006.  To date, 500,000 Ordinary shares have been purchased under this authority.

Enquiries to

Bruce Rowan, Chairman 020 7486 3997 or John Watkins, Finance Director 01483 771992; john@starvest.co.uk

17 January 2007

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Announcement 2 January 2007
Chairman’s update for shareholders – January 2007

Investment performance
I am pleased to report that the growth in the investment portfolio announced at the time of the AGM in December has continued so that at the close of business on 29 December 2006 the Company’s net asset value was £13.225m, an increase during the previous three months of 15%, or £1,725m. Other achievements of the past three months have been:

• Net asset value per share pre tax: 32.26 per share, fully diluted

• Starvest closing share price: 17 pence

• Share price discount to NAV: 47%

• Closing market capitalisation: £6.326m

• With one exception, the net asset values are based on mid-market closing prices on Friday 29 December 2006 and after making a full tax provision on the realised investment profits.

• The exception relates to the valuation of the investment in Concorde Oil & Gas plc which, as a matter of prudence, has been determined after making a provision of 50% against the closing price on 24 November 2006; on this date the shares were suspended at the company’s request pending the outcome of an EGM to be held on Monday 18 December 2006. Concorde has since announced the successful passing of all EGM resolutions, the completion of the $33m acquisition of Russian oil producer Pechora LLP through a $41m financing package agreed with Altima Partners including the issue of 113m new shares at 0.9 pence and an intention to apply for the shares to be re-admitted to trading in the near future.

• Made a further investment in Kefi Minerals plc which has successfully raised funds and been admitted to AIM. Kefi has mineral exploration interests in Bulgaria and Turkey.

• Myhome International plc has moved from PLUS Markets to AIM.

• Investment made in DTT plc, a company providing of driver training and recruitment services to the road haulage industry; the company is quoted on PLUS Markets.

The increase in the portfolio value is due to an improvement in the share prices of several of the portfolio investments which in turn reflect positive trading news from these companies and continuing strength in the world’s natural resource markets where high demand levels from China, India and other developing nations continue.

The Board continues to be pleased with the 26 investments held; we expect exciting growth in the medium term during which we will take a cautious view in changing markets.

R Bruce Rowan
Chairman & Chief Executive
020 7486 3997
Enquiries to Bruce Rowan or John Watkins, 01483 771992; john@starvest.co.uk

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Announcement 22 December 2006
Total voting rights

In conformity with the Transparency Directive’s transitional provision 6, the Company notifies the market of the following:

As at the date of this announcement, the Company’s issued share capital consists of 37,217,259 ordinary shares with a nominal value of 1p each (‘Ordinary Shares’), with voting rights. The Company does not hold any Ordinary Shares in Treasury.

Therefore, the total number of Ordinary Shares with voting rights is 37,217,259.

The above figure of 37,217,259 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA’s Disclosure and Transparency Rules.

22 December 2006

Enquiries to John Watkins 01483 771992 or to email@starvest.co.uk

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Announcement 12 December 2006
Results of Annual General Meeting

The Company is pleased to announce that all resolutions put to shareholders at the Annual General Meeting held today were passed.

R Bruce Rowan
Chairman & Chief Executive

12 December 2006

Enquiries to Bruce Rowan, telephone 020 7486 3997, to John Watkins 01483 771992 or to chairman@starvest.co.uk

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Announcement 12 December 2006
Net asset value at 11 December 2006

The Directors report a 5% increase of £600,000 in the value of the Starvest portfolio since 30 September 2006, the Company’s last financial year end.

With one exception, the net asset value is based on mid-market closing prices on Monday 11 December 2006 which was £12.7m and equates to 31 pence per share. All values are calculated on a fully diluted pre tax basis.

The exception relates to the valuation of the investment in Concorde Oil & Gas plc which has been determined after making a provision of 50% against the closing price on 24 November 2006 when the shares were suspended at the company’s request pending the outcome of an EGM to be held on Monday 18 December 2006.

With the Starvest share price closing at 16 pence, the discount to net asset value at 11 December 2006 was 48%. The Starvest market capitalisation closed at £5.95m.

The increase in portfolio value is due to an improvement in the share prices of several of the portfolio investments which in turn reflect positive trading news from these companies and continuing strength in the world’s natural resource markets due to high demand levels from China, India and other developing nations. During the period Starvest has completed an investment in Kefi Minerals plc which is expected to be admitted to AIM on 18 December. Kefi has mineral exploration interests in Bulgaria and Turkey. In addition, Starvest has made an investment in DTT plc, a company involved in the provision of driving training and recruitment services to the road haulage industry; the company is quoted on PLUS Markets.

Annual general meeting
The 2006 AGM will be held on Tuesday 12 December at 3.00 pm at Jurys Kensington Hotel, 109-113 Queens Gate, London SW7 5LR.

R Bruce Rowan
Chairman & Chief Executive

12 December 2006

Enquiries to Bruce Rowan, telephone 020 7486 3997, to John Watkins 01483 771992 or to chairman@starvest.co.uk

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Announcement 13 November 2006
Annual report and notice of 2006 Annual General Meeting
Copies of the Company’s report and financial statements for the fourteen month period ended 30 September 2006 and notice of the annual general meeting have been mailed to Shareholders today.

The annual general meeting will be held at Jurys Kensington Hotel, 109-113 Queen’s Gate, South Kensington, London SW7 5LR on Tuesday 12 December at 3.00 pm.

Copies of the report and financial statements will be available for a period of one month from the Company Secretary at the registered office, 123 Goldsworth Road, Woking, Surrey, GU21 6LR or by email: email@starvest.co.uk

Alternatively, the report may be downloaded from the Company’s website, www.starvest.co.uk.

• Company net asset value pre tax: £11.5m

• Net asset value per share pre tax: 28.29 pence per share, fully diluted

• Share price: 17 pence

• Share price discount to NAV: 39.9%

In common with the small-cap natural resources market in which Starvest is largely invested, the portfolio value has declined during the past months from £13.4m at 31 July and from £17.7m at 28 April 2006.

Notwithstanding the decline in the net asset value, the Board remains content with the Company’s spread of investments of which nineteen are in the natural resource sector. As these companies execute their exploration plans, the Board is confident of a recovery. The remaining five investee companies comprising 22% of the portfolio are in other business sectors.

The Board expects to declare a profit for the fourteen month trading period ended on 30 September; an announcement is expected before the end of October.

The annual report expected to be published by mid November will contain a commentary on each of the investments held.

Appointment of nominated broker

The Directors are pleased to announce the appointment with immediate effect of Simple CFDs Limited as the Company’s nominated broker to replace Keith Bayley Rogers & Co Limited who have served in this capacity since the Company was admitted to AIM in 2000.

Enquiries to:

Bruce Rowan, telephone 07956 941503
John Watkins, telephone 01483 771992, or to john@starvest.co.uk

Announcement 1 August 2006
Net asset value update at 31 July 2006

The Directors are pleased to report the net asset value of the Company’s portfolio at 31 July 2006. Based on mid-market closing prices, the position was:

• Company net asset value pre tax: - £13.4m

• Net asset value per share pre tax: - 32.76 per share, fully diluted

• Share price: - 17.25 pence

• Share price discount to NAV: - 47%

• NAV increase since 31 July 2005:- £6.9m or 106%

In common with the small-cap natural resources market in which Starvest is largely invested, the portfolio value has declined during the past three months from £17.7m at 28 April 2006. However, the Board remains content with the investments made and confident of a recovery as these companies execute their exploration plans.

Since the Chairman’s May 2006 update was issued, Starvest has completed its investment in Greatland Gold plc which was admitted to AIM on 3 July, increased its investment in Addworth plc and committed to support KEFFI Minerals plc which expects to be admitted to AIM by the end of 2006.

Change of accounting reference date

As announced on 14 July 2006, the Board has decided to change the accounting reference date from 31 July to 30 September for the coming year end and following years.

The immediate purpose is to facilitate the presentation of a clean balance sheet at the next accounting year end and so more easily attain a position in which either the Company can pay a maiden dividend or engage in a programme of share buy-backs for which the Members’ approval was sought and granted at the last Annual General Meeting on 11 October 2005.

Consequential changes

Following the change in accounting date, the Board’s current expected timetable is:

• 2 October 2006: - Net asset value update at 30 September 2006

• End October 2006: - Announcement of results for the 14 months to 30 September 2006

• Mid November 2006: - Publication of Directors’ report and issue of AGM notice

• Mid December 2006: - Net asset value update and Annual General Meeting

• 3 January 2007: - Chairman’s quarterly update as at 31 December 2006

Enquiries to:
John Watkins, telephone 01483 771992, or to john@starvest.co.uk

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Announcement 14 July 2006
Change of accounting reference date

The Board has decided to change the accounting reference date from 31 July to 30 September for the coming year end and following years.

The immediate purpose is to facilitate the presentation of a clean balance sheet at the next accounting year end and so more easily attain a position in which either the Company can pay a maiden dividend or engage in a programme of share buy-backs for which the Members’ approval was sought and granted at the last Annual General Meeting on 11 October 2005.

At an Extraordinary General Meeting of Members held on 14 March 2006, resolutions were passed to endorse the Board’s recommendation that a Petition be submitted to the High Court to have the Company’s share premium account reduced to eliminate the deficiency then standing on the profit and loss account. This process is in hand, albeit unlikely to be concluded immediately.

On 19 June 2006 at an Extraordinary General Meeting of the Company’s former operating subsidiary, The Web Shareshop Limited, a liquidator was appointed to conduct a Members’ voluntary liquidation at the conclusion of which there will no longer be a requirement for the Company to prepare group financial statements. This process is expected to be concluded within three months of the Liquidator having been appointed.

Consequential changes

Following from the change in accounting date the Board’s current expected timetable is:

• 1 August 2006: Net asset value update at 31 July 2006

• 2 October 2006: Net asset value update at 30 September 2006

• End October 2006: Announcement of results for the 14 months to 30 September 2006

• Mid November 2006: Publication of Directors’ report and issue of AGM notice

• Mid December 2006: Net asset value update and Annual General Meeting

• 3 January 2007: Chairman’s quarterly update as at 31 December 2006

Enquiries to:
John Watkins, telephone 01483 771992, or to john@starvest.co.uk
Tony Scutt, telephone 01483 475909, or to tony@starvest.co.uk

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Announcement 2 May 2006
Chairman’s update for shareholders – May 2006

Investment performance

I am pleased to report that the significant progress achieved during the six months to the interim reporting date of 31 January 2006 has been maintained. The achievements of the past three months have been:

• Raised £1.7m cash and made a gross profit of £1.64m by reducing the holding in African Platinum plc; the Company continues to have a substantial holding of 10.25m ordinary shares in African Platinum plc.

• Based on mid-market closing prices on Friday 28 April the position was:

- Company net asset value pre tax: £17.7m
- Net asset value per share pre tax: 42.8 per share, fully diluted
- Starvest share price: 26 pence
- Share price discount to NAV: 39.27%
- NAV increase since 31 January 2006: £1.2m

• This valuation is arrived at after deducting a full tax provision on the realised investment profits.

• Since the Interim report issued as at 31 January 2006, Starvest has made new investments in Sunrise Diamonds plc, and added to its investment in Fundy Minerals Limited and St Helen’s Capital plc. In addition, it has acquired an interest in Greatland Gold Limited, a company with advanced gold resources in Western Australia and Tasmania. Starvest has committed to further support the company on its admission to AIM which is expected during June 2006.

• The Core Business plc has successfully raised funds and been admitted to AIM.

• Concorde Oil & Gas plc has announced that, subject to raising the necessary funds during May, it expects to conclude an acquisition of operational oil and gas assets in the Russian Federation, this to be followed by a transfer from Ofex to AIM.

• Myhome International plc declared a first profit with accelerating expansion and a share price to match.

The Board continues to be very pleased with the 24 investments held; we expect continued growth during the next two years during which we will take a cautious view in changing markets.

Extraordinary general meeting
The resolutions before Members at the extraordinary general meeting held on 14 March 2006 were duly passed. The Company is in the process of submitting a petition to the High Court to have the deficit on the profit and loss account cancelled, thus bringing forward the time when a dividend may be paid or the Company may purchase its own shares. An update will be provided in the annual report due during September 2006.

Taxation
A number of Shareholders have enquired as to the status of the Company’s shares for the purposes of capital gains tax and inheritance tax. The Company’s advisers, Grant Thornton, have opined that the tax position of Shareholders should be as follows:

• Taper relief: The Company should be regarded as a qualifying company for business asset taper relief applicable for capital gains tax purposes.

• Business property relief: Although the Company’s shares are listed on AIM, business property relief from inheritance tax is not available where the business of the company consists of dealing in securities, stocks or shares; this is Starvest’s business.

Shareholders should always seek their own professional advice on personal taxation matters.

The Company now holds trade investments in the following companies (click here for portfolio)

Your Board plans to announce the full year results to 31 July 2006 during late August and to hold the Company’s Annual General Meeting during October 2006.

R Bruce Rowan
Chairman & Chief Executive

2 May 2006

Enquiries to:
Bruce Rowan, telephone 020 7486 3997 or to
Tony Scutt, telephone 01483 475909 or to tony@starvest.co.uk

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Announcement 14 March 2006

Extraordinary general meeting

At an extraordinary general meeting of Members held today, the two resolutions before Members were both passed. As a consequence, the Company will now petition the High Court for the share premium account to be reduced by £659,487 thus eliminating the negative balance on the Company’s profit and loss account as at 31 January 2006. This procedure is likely to take several months.

When the court order is granted and with the profits expected to be declared for the current financial year to 31 July 2006 the Board will consider:

• a share buy back programme, authority for which was last granted at the 2005 AGM, and/or
• the payment of a first dividend on ordinary shares.

R Bruce Rowan
Chairman & Chief Executive

14 March 2006

Enquiries to:

Bruce Rowan, telephone 020 7486 3997

John Watkins, telephone 01483 771992 or to john@starvest.co.uk