News

 
RENAISSANCE US GROWTH INVESTMENT TRUST PLC
The Net Asset Value of the ordinary 25p shares of the Company at 2 July 2010
was:
Including current period revenue 309.09 pence (US 469.46c) (includes revenue
losses up to and including 2 July 2010)
Excluding current period revenue 310.20 pence (US 471.15c) (includes revenue
losses up to and including the year ended 31 March 2010 only)
The exchange rate at which this was calculated was £=US$1.51885
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 2 July 2010:                $192,233
                                                                               
Sterling equivalent at exchange rate above:                            £126,565
                                                                               
Time value of unlisted warrants as at 30 June 2010: (adjusted          
for warrants subsequently acquired, exercised, expired or                      
disposed)                                                              $280,708       
                                                                               
Sterling equivalent at exchange rate above:                            £184,816
06.07.10
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