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Starvest plc

10/02/2019 | Press release | Distributed by Public on 10/02/2019 08:13

Net Asset Value(s)

2 October 2019

Starvest Plc ('Starvest' or 'the Company')

Net Asset Value at 30 September 2019

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 September 2019.

Callum Baxter, Chairman and CEO, commented:'A difficult trading environment for exploration and mining stocks has prevailed throughout the current year as a result of reduced capital market funding for important field exploration programmes and development work. Despite the adverse setting, several investee companies in our portfolio have weathered the poor market conditions and delivered strong exploration and operational results. From this we have achieved an increase of 22% in our Trading Portfolio Value over the past 12 months. We have also seen a 25% increase in our Net Asset Value over the 12 month period to 30 September 2019, and a 21% increase in our Net Asset Value per Share. We look forward to continued positive performance from our specialist mining portfolio.'

The net asset value as at 30 September 2019 was as follows:

30 Sept 2019

30 June 2019

30 Sept 2018*

Trading portfolio value

£2.00m

£2.00m

£1.64m

Company net asset value

£2.25m

£2.15m

£1.8m

Net asset value per share

4.03 pence

3.85 pence

3.33 pence

Share price - mid

2.25 pence

2.15 pence

2.15 pence

Share price discount to net asset value

44%

44%

35%

Market capitalisation

£1.26m

£1.20m

£1.16m

* Excludes formerly reported applied discount, see RNS of 03 Oct 2018 for original figures and 31 March 2019 regarding the discontinuation of an applied discount to NAV calculation.

All valuations are based on the closing market price.

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

2 October 2019

Enquiries to:

Starvest PLC

Callum Baxter or Gemma Cryan 02077 696 876 [email protected]

Grant Thornton UK LLP (Nomad)

Colin Aaronson, Harrison Clarke or Seamus Fricker 02073 835 100

SI Capital Ltd (Broker)

Nick Emerson or Alan Gunn 01483 413 500