RUG Renn Universal

    RENAISSANCE US GROWTH INVESTMENT TRUST PLC

The Net Asset Value of the ordinary 25p shares of the Company at 31 May 2008
was 303.73 pence (US 600.23c).

The exchange rate at which this was calculated was �=US$1.97620.

The net asset value calculation includes the time value of unlisted warrants in
respect of the portfolio valuation, as set out in the announcement made by the
Company on 27 May 2008. The Company has adopted the Black Scholes methodology
and will calculate the time value (in US Dollars) of unlisted warrants every
quarter. The warrants included in the portfolio for the twice weekly NAV
calculations will be calculated by valuing the intrinsic value of the warrants
and adding the time value as at the most recently calculated quarterly
valuation.

Intrinsic value of unlisted warrants as at 31 May 2008:                $738,750
                                                                               
Sterling equivalent at exchange rate above:                            �373,824
                                                                               
Time value of unlisted warrants as at 22 May 2008: (adjusted           $829,277
for warrants subsequently acquired, exercised, expired or                      
disposed)                                                                      
                                                                               
Sterling equivalent at exchange rate above:                            �419,632

Margin account

The Company also announces that it has drawn down a further $2.5 million on its
margin account with Solomon Smith Barney (as announced on 27 May 2008),
bringing this margin account to a total of �9 million.

02.06.08



END

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