REG-Renaissance US Grwth: Net Asset Value(s)

RENAISSANCE US GROWTH INVESTMENT TRUST PLC

The Net Asset Value of the ordinary 25p shares of the Company at 15 May 2009
was:

Including current period revenue 266.05 pence (US 405.94c) (includes revenue
losses up to and including 15 May 2009)

Excluding current period revenue 265.94 pence (US 405.77c) (includes revenue
losses up to and including the year ended 31 March 2009 only)

The exchange rate at which this was calculated was £=US$1.52580.

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 27 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 15 May 2009: $137,441

Sterling equivalent at exchange rate above: £90,078

Time value of unlisted warrants as at 31 March 2009: $1,195,163
(adjusted for warrants subsequently acquired, exercised,
expired or disposed)

Sterling equivalent at exchange rate above: £783,302

18.05.09

END