News

 
RENAISSANCE US GROWTH INVESTMENT TRUST PLC
The Net Asset Value of the ordinary 25p shares of the Company at 10 February
2010 was:
Including current period revenue 299.89 pence (US 467.50c) (includes revenue
losses up to and including 10 February 2010)
Excluding current period revenue 303.87 pence (US 473.70c) (includes revenue
losses up to and including the year ended 31 March 2009 only)
The exchange rate at which this was calculated was £=US$1.55890
The net asset value calculation includes the time value of unlisted warrants in
respect of the portfolio valuation, as set out in the announcement made by the
Company on 31 May 2008. 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 twice 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 10 February 2010:           $837,959
                                                                               
Sterling equivalent at exchange rate above:                            £537,532
                                                                               
Time value of unlisted warrants as at 31 December 2009:                $230,543
(adjusted for warrants subsequently acquired, exercised,                       
expired or disposed)                                                           
                                                                               
Sterling equivalent at exchange rate above:                            £147,888
11.02.10
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