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Interim Management Statement

         for the three month period from 1 April 2013 to 30 June 2013          

The Board of RENN Universal Growth Investment Trust PLC ("the Company") is
pleased to present the Company's Interim Management Statement.

Following approval by shareholders at the General Meeting held on 17 April
2013, the Company's investment objective and policy were updated. The current
investment objective and policy are set out below:

Investment objective

To conduct an orderly realisation of the assets of the Company, to be effected
in a manner that seeks to achieve a balance between returning cash to
shareholders promptly and maximising the value of the Company's portfolio.

Investment policy

The Company's investments will be realised in an orderly manner (that is, with
a view to achieving a balance between returning cash to shareholders promptly
and maximising the value of the Company's portfolio).

The Company may not make any new investments save that (a) subject to Board
approval, further investment may be made into existing investments in order to
preserve the value of such investments; and (b) realised cash may be invested
in liquid cash-equivalent securities, denominated in Sterling, including
short-dated corporate bonds, government bonds, cash funds, or bank cash
deposits pending its return to shareholders in accordance with the Company's
investment objective.

No more than 10% of the Company's total assets may be invested in any single
cash equivalent instrument or placed on deposit with any single institution
except that this limit does not apply to investment in government bonds, which
shall be unconstrained.

The Company may not employ gearing.

The Company will continue to comply with the restrictions imposed by the
Listing Rules in force from time to time.

Financial highlights: Performance
                                   30 June 2013      31 March 2013    % change

Net assets

Sterling 58,294,000 57,252,000 1.8 US Dollar 88,414,000 86,934,000 1.7 Number of Ordinary shares 17,437,979 17,437,979 0.0

Net asset value

Pence per share 334.29 328.32 1.8 US cents per share 507.02 498.54 1.7 Mid market price 241.50 234.50 3.0 Discount to NAV 27.76% 28.58% 0.82

Russell 2000 Index (Total Return)

US Dollar 4,521.24 4,385.95 3.1 Sterling adjusted 2,977.44 2,887.58 3.1

S&P 500 Index (Total Return)

US Dollar 2,850.66 2,770.05 2.9 Sterling adjusted 1,877.29 1,823.72 2.9

Financial highlights: Summary of net assets

                                    30 June 2013   31 March 2013      % change 
                                           £'000           £'000              

Listed portfolio holdings 29,445 31,304 (5.9) Unlisted unquoted portfolio holdings 18,206 18,185 0.1

Other unlisted portfolio holdings 5,717 3,914 46.1 Time value of warrants - 1 (100.0) Cash at bank 5,100 4,181 22.0 Net current assets 305 110 177.3 Total net assets 58,773 57,695 1.9 Provision for liabilities and charges (479) (443) (8.1)

Net assets 58,294 57,252 1.8

Review of the period

The Company's annual results were released on 14 June 2013.

During the quarter, no Ordinary shares were repurchased by the Company for cancellation or to be held in Treasury.

In line with the Company's new investment objective to conduct an orderly realisation of the assets of the Company, in the quarter under review the Company has disposed of its holdings in Cogo, Hollysys Automation Technologies, Plastec Technologies, SGOCO Technology and ZAGG for combined proceeds of $4.466m.

The Company has also invested, after Board approval, a further $2.122m in Plures Technologies.

NAV performance

The NAV increased from 328.32p on 31 March 2013 to 334.29p on 30 June 2013 resulting in a three month increase of 1.8% against the Russell 2000 increase (in Sterling terms) of 3.1%.

Largest holdings

As at 30 June 2013, the Company's three largest holdings were AnchorFree, Cover-All Technologies and iSatori.

AnchorFree is the world's only free ad-supported virtual private network enabling users to access all internet content anonymously and securely from any location in the world. Cover-All Technologies is a leader in developing sophisticated software solutions primarily for the property and casualty insurance industry. iSatori develops and sells nutritional products in the performance, weight loss and energy markets worldwide.

Top ten holdings as at 30 June 2013

% of Net

Company Name Sector Value Assets


AnchorFree* Wireless Communications 27,613 31.2 Cover-All Technologies Information Technology 10,612 12.0 iSatori Personal Products 9,227 10.4 Points International Internet Software 8,612 9.7 Plures Technologies Semiconductors 8,216 9.3 Flamel Technologies Pharmaceuticals 4,910 5.6 Bovie Medical Corporation Healthcare Services 4,720 5.3 DXP Enterprises Trading Companies &

Distributors 1,398 1.6

Cantel Medical Corporation Healthcare Equipment 1,287 1.5 Titan Machinery Trading Companies &

Distributors 982 1.1

* unquoted holding - held at valuation as at 31 March 2013.

Subsequent events

Since 30 June 2013, the Company has received proceeds of $1.044m for Pipeline Data 14% debenture (approximately 61% of par). The carrying value as at 30 June 2013 was $0.597m (35% of par). The Company's holding in Sinohub has been written off following the revoking of its registration by The Securities and Exchange Commission, pursuant to Section 12(j) of the Securities Exchange Act of 1934.

The cash at bank with the Company as at 30 July 2013 was £5.689m.

The Company has not repurchased any of the Company's own shares for cancellation or to be held in Treasury. Other than those stated, the Board is not aware of any other significant events or transactions which have occurred since 30 June 2013 and the date of publication of this statement which would have a material effect on the financial position of the Company.

31 July 2013

Neither the content of RENN Universal Growth Investment Trust PLC's website nor the contents of any website accessible from hyperlinks on the website (or any website) is incorporated into, or forms part of this announcement.


-0- Jul/31/2013 10:28 GMT

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