RUG Renn Universal

RENN UNIVERSAL GROWTH INVESTMENT TRUST PLC

The Company recently announced that it has begun a managed realisation of
its assets. Given this change, net asset value announcements will be made
on a weekly basis going forward.

The Net Asset Value of the ordinary 25p shares of the Company at 14 June
2013 was as follows:

Including current period revenue 323.62 pence (US507.36c) (includes revenue
reserve losses up to and including 14 June 2013)

Excluding current period revenue 325.46 pence (US510.24c) (includes revenue
reserve losses up to and including the year ended 31 March 2013)

The exchange rate at which this was calculated was £=US$1.56775

As at 14 June 2013, the Company holds net cash of £4.887m, and expects the
proportion to rise following the adoption of the new investment policy and
objective approved by shareholders on April 17th 2013.

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 14 June      $2,921,062
2013



Sterling equivalent at exchange rate above:             £1,863,219

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:                   £567

Share price as at 14 June 2013                             239.50p

Discount:                                                 (25.99%)

17 June 2013