RENN UNIVERSAL GROWTH INVESTMENT TRUST PLC - Result of General Meeting

RENN Universal Growth Investment Trust PLC (the "Company")

10 December 2014

Result of General Meeting
Further to the Circular published by the Company on 14 November 2014 in
connection with the recommended proposals for the members' voluntary
liquidation of the Company, the special resolution was duly passed at the
General Meeting of the Company held on 10 December 2014.

A copy of the resolution has been submitted to the National Storage Mechanism
and will shortly be available for inspection at
http://www.morningstar.co.uk/uk/nsm.

Appointment of Liquidators
John Milsom and Allan Graham of KPMG LLP have been appointed as joint
liquidators responsible for the winding up of the Company's affairs. The
liquidators will be retaining the Investment Manager to assist in concluding
the realisation of the Company's investments and concluding the liquidation.

Cancellation of shares
It is expected that the listing of the Company's shares will be cancelled at
8.00 a.m. on 9 January 2015.

Cash distribution to shareholders
All shareholders on the register at 6.00 p.m. on 9 December 2014 will be
entitled to liquidation distributions. The Board anticipates that, because of
the restrictions on the Company's ability to dispose of assets prior to the
liquidation becoming effective, it is not expected that the liquidation will
involve a significant capital distribution immediately thereafter. However,
once the Company is in liquidation, the restrictions on asset disposals will
fall away and it is expected that an initial distribution to shareholders will
be made in early 2015 once the more liquid assets have been realised by the
liquidators.

Further distributions will be made when practicable and, when completed, the
Company will be dissolved and will distribute further proceeds to shareholders
over the forthcoming months. Given the nature of some of the investments, it is
not possible to determine how long this process will take and the value
realised may in aggregate be higher or lower than the existing net asset value
of the Company.

Enquiries:

Joe Winkley/Neil Morgan, Winterflood Investment Trusts - 0203 100 0000

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