RUG Renn Universal

 
TIDMRUG 
 
RENN UNIVERSAL GROWTH INVESTMENT TRUST PLC 
 
 
The Net Asset Value of the ordinary 25p shares of the Company 
at 14 March 2014 was as follows: 
 
Including current period revenue 302.42 pence (US502.86c) 
(includes revenue reserve losses up to and including 14 March 2014) 
 
Excluding current period revenue 307.89 pence (US511.96c) 
(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$1.6628 
 
As at 14 March 2014, the Company holds net cash of GBP15.563m. 
 
On 14 March 2014 it was announced that the Company will repurchase 
4,359,438 shares under the Tender Offer at a price of 297.0036 pence 
per share. The repurchase was completed on 17 March 2014 as set out 
in the Tender Offer document issued on 18 February 2014. 
 
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. 
 
 
Intrinsic value of unlisted warrants as at 14 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 14 March 2014 269.50p 
 
Discount:(10.89%) 
 
 
 
18 March 2014 
 
 
END 
 

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