Announcement

2nd January 2013

Net asset value update at 31 December 2012

The steady decline in valuations since early 2011 has continued during the quarter, with a further fall of 18% since 30 September 2012.

There are early signs of a slight improvement in market conditions for selected companies, for example those involved in iron ore, but we have a long way to go before we enjoy a full recovery.

Download the complete announcement here.

R Bruce Rowan
Chairman & Chief Executive

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

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

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