RUG Renn Universal

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 £=US$1.6721


This Net Asset Value incorporates Tender Costs of approximately £145,000.


As at 07 March 2014, the Company holds net cash of £15.923m, including UK
treasury gilts of £13.342m. 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: £0

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: £0

Share price as at 07 March 2014 269.50p

Discount: (9.92%)

11 March 2014