RUG Renn Universal

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying
issuer of existing shares to which voting rights
are attached:                                              RENN Universal Growth
                                                            Investment Trust PLC

2. Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights                                    x

An acquisition or disposal of qualifying financial instruments which
may result in the acquisition of shares already issued to which voting
rights are attached

An acquisition or disposal of instruments with similar economic effect
to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to               Armstrong Investments Limited
the notification obligation:

4. Full name of shareholder(s)                         Nortrust Nominees Limited
(if different from 3.):

5. Date of the transaction and date
on which the threshold is crossed or
reached:                                                          9 January 2014

6. Date on which issuer notified:                                13 January 2014

7. Threshold(s) that is/are crossed                                    Below 11%
or reached:

8. Notified details:

A: Voting rights attached to shares

Class/type     Situation previous     Resulting situation after the triggering
of             to the triggering      transaction
shares         transaction

if possible    Number      Number     Number      Number of voting    % of voting rights
using          of          of         of shares   rights
the ISIN       Shares      Voting
                           Rights     Direct      Direct   Indirect   Direct     Indirect

GB0007325185   1,943,000   11.14%     1,845,000   1,845,000           10.58%


B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial Expiration  Exercise/           Number of voting     % of voting
instrument        date        Conversion Period   rights that may be   rights
                                                  acquired if the
                                                  instrument is
                                                  exercised/
                                                  converted.




C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments

Resulting situation after the triggering transaction

Type of       Exercise Expiration  Exercise/    Number of voting     % of voting
financial     price    date        Conversion   rights instrument    rights
instrument                         period       refers to

                                                                     Nominal   Delta


Total (A+B+C)

Number of voting rights           Percentage of voting rights

1,845,000                         10.58%


9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:

Nortrust Nominees for Armstrong Investments Limited

Proxy Voting:

10. Name of the proxy holder:                                         N/A

11. Number of voting rights proxy holder will
cease to hold:                                                        N/A

12. Date on which proxy holder will cease to hold
voting rights:                                                        N/A

13. Additional information:

14. Contact name:

15. Contact telephone number: