RENN UNIVERSAL GROWTH INVESTMENT TRUST PLC The Net Asset Value of the ordinary 25p shares of the Company at 31 August 2014 was as follows: Including current period revenue 291.03 pence (US483.33c) (includes revenue reserve losses up to and including 31 August 2014) Excluding current period revenue 294.09 pence (US488.41c) (includes revenue reserve losses up to and including the year ended 31 March 2014) The exchange rate at which this was calculated was £=US$1.66075 As at 31 August 2014, the Company held net cash of £2.642m. 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 31 August 2014 $0 Sterling equivalent at exchange rate above: £0 Time value of unlisted warrants as at 30 June 2014: (adjusted for warrants subsequently acquired, exercised, expired or disposed)$0 Sterling equivalent at exchange rate above: £0 Share price as at 31 August 2014 248.00p Discount: (14.79%)
02 September 2014
