RUG Renn Universal

    RENAISSANCE US GROWTH INVESTMENT TRUST PLC

The Net Asset Value of the ordinary 25p shares of the Company at 30 June 2008
was:

Including current period revenue 293.32 pence (US 583.75c)

Excluding current period revenue 294.54 pence (US 586.18c)

The exchange rate at which this was calculated was �=US$1.99015.

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 30 June 2008:               $687,667
                                                                               
Sterling equivalent at exchange rate above:                            �345,535
                                                                               
Time value of unlisted warrants as at 30 June 2008: (adjusted        $1,069,840
for warrants subsequently acquired, exercised, expired or                      
disposed)                                                                      
                                                                               
Sterling equivalent at exchange rate above:                            �537,567

The Company also announces that, due to an administrative error, the current
period revenue deficit was incorrectly calculated within the Company's net
asset value calculations between 6 June 2008 and 25 June 2008. This led to
these net asset values being overstated. The net asset value calculations which
exclude current period revenue were correct. The correct net asset value
calculations for net asset values including current period revenue for these
dates are set out below:

NAV date        Announced NAVs Actual NAV    % of overstatement  
                                                                 
25/06/2008      293.62         291.59        0.69%               
                                                                 
20/06/2008      295.18         293.27        0.65%               
                                                                 
18/06/2008      296.30         294.44        0.63%               
                                                                 
13/06/2008      297.91         296.23        0.57%               
                                                                 
11/06/2008      295.82         294.18        0.56%               
                                                                 
06/06/2008      299.11         297.59        0.51%               

03.07.08



END

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