RENN UNIVERSAL GROWTH INVESTMENT TRUST PLC
The Net Asset Value of the ordinary 25p shares of the Company at
08 May 2013 was as follows:
Including current period revenue 320.94
pence (US499.56c) (includes revenue reserve losses up to and
including 08 May 2013)
Excluding current period revenue 328.59
pence (US511.47c) (includes revenue reserve losses up to and
including the year ended 31 March
2012)
The exchange rate at which this was calculated was £=US$1.55655
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 08 May 2013 $1,308,097
Sterling equivalent at exchange rate above: £840,382
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: £571
Share price as at 08 May 2013 231.50p
Discount: (27.87%)
09 May 2013