TIDMRUG 
 
RENN UNIVERSAL GROWTH INVESTMENT TRUST PLC 
 
 
 
The Net Asset Value of the ordinary 25p shares of the Company at 07 March 2014 
 was as follows: 
 
 
Including current period revenue 299.18 pence (US500.26c) (includes revenue 
reserve losses up to and including 07 March 2014) 
 
Excluding current period revenue 304.59 pence (US509.30c) (includes revenue 
reserve losses up to and including the year ended 31 March 2013) 
 
 
The exchange rate at which this was calculated was GBP=US$1.6721 
 
 
This Net Asset Value incorporates Tender Costs of approximately GBP145,000. 
 
 
As at 07 March 2014, the Company holds net cash of GBP15.923m, including UK 
treasury gilts of GBP13.342m. The proportion of cash, including UK treasury gilts, 
is expected to rise following the adoption of the new investment policy and 
objective approved by shareholders on 17 April 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 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. 
 
 
 
On 27 February 2014, Plures Technologies Inc. ("Plures") released an 8-K filing 
notice stating that an auction had been held resulting in the sale of the 
company's machinery and equipment, effectively closing the company down. As a 
consequence, the Board of RENN Universal Growth has decided to write down the 
value of its investment in Plures to zero. The value of Plures had represented 
2.1% of the total net assets as at the previous NAV dated 28 February 2014. 
 
 
 
Intrinsic value of unlisted warrants as at 07 March 2014 $0 
 
Sterling equivalent at exchange rate above: GBP0 
 
Time value of unlisted warrants as at 31 December 2013: (adjusted for warrants 
subsequently acquired, exercised, expired or disposed) $0 
 
Sterling equivalent at exchange rate above: GBP0 
 
Share price as at 07 March 2014 269.50p 
 
Discount: (9.92%) 
 
 
11 March 2014 
 
 
 
 
END
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