TIDMRUG 
 
RENN UNIVERSAL GROWTH INVESTMENT TRUST PLC 
 
The Net Asset Value of the ordinary 25p shares of the Company at 03 April 
2013 was as follows: 
 
Including current period revenue 325.18 pence (US492.18c) (includes revenue 
reserve losses up to and including 03 April 2013) 
 
Excluding current period revenue 331.74 pence (US502.11c) (includes revenue 
reserve losses up to and including the year ended 31 March 2012) 
 
The exchange rate at which this was calculated was GBP=US$1.51355 
 
The Net Asset Value calculation includes the time value of unlisted warrants 
in respect of the portfolio valuation. 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 03 April      $1,138,004 
2013 
 
 
 
Sterling equivalent at exchange rate above:                GBP751,878 
 
Time value of unlisted warrants as at 28 March 2013: 
(adjusted for warrants subsequently acquired, 
exercised, expired or disposed)                                $889 
 
 
 
Sterling equivalent at exchange rate above:                    GBP587 
 
Share price as at 03 April 2013                             233.00p 
 
Discount:                                                  (28.35%) 
 
Because of the illiquidity/volatility of Plures Technologies, one of the 
Company's larger shareholdings, the Investment Manager, with agreement from 
the Board of Directors of the Company, are valuing that company at a fixed 
price of $2.03 per share until further notice. There has been a small amount 
of recent trading activity (less than $10,000 worth) in the shares and this 
pushed the share price to a low of 51 cents, well below the carrying value. 
Nevertheless, the Directors believe that the lack of liquidity in the shares 
warrants a fixed valuation which is based on a recent capital injection into 
the company. 
 
05 April 2013 
 
 
 
END
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