RUG Renn Universal

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer                        RENN Universal
of existing shares to which voting rights are                          Growth Investment
attached:                                                                      Trust PLC

2. Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights                                            x

An acquisition or disposal of qualifying financial instruments which may result
in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to
qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to the
notification obligation:                                   Armstrong Investments Limited

4. Full name of shareholder(s)
(if different from 3.):                                        Nortrust Nominees Limited

5. Date of the transaction and date on
which the threshold is crossed or
reached:                                                                20 November 2014

6. Date on which issuer notified:                                       25 November 2014

7. Threshold(s) that is/are crossed or
reached:                                                                        Below 7%

8. Notified details:

A: Voting rights attached to shares

Class/type   Situation previous      Resulting situation after the triggering transaction
of           to the triggering
shares       transaction

if possible  Number      Number      Number     Number of voting    % of  voting rights
using        of          of          of shares  rights
the ISIN     Shares      Voting
CODE                     Rights      Direct     Direct   Indirect   Direct  Indirect

GB0007325185 925,000     925,000     850,000    850,000             6.50%


B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of      Expiration  Exercise/          Number of voting        % of voting
financial    date        Conversion Period  rights that may be      rights
instrument                                  acquired if the
                                            instrument is
                                            exercised/ converted.


C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments

Resulting situation after the triggering transaction

Type of       Exercise   Expiration  Exercise/   Number of voting rights   % of voting
financial     price      date        Conversion  instrument refers to      rights
instrument                           period
                                                                           Nominal   Delta


Total (A+B+C)

Number of voting rights      Percentage of voting rights

850,000                      6.50%

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:

Nortrust Nominees for Armstrong Investments Limited

Proxy Voting:

10. Name of the proxy holder:                                     N/A

11. Number of voting rights proxy holder will cease
to hold:                                                          N/A

12. Date on which proxy holder will cease to hold                 N/A
voting rights:

13. Additional information:

14. Contact name:

15. Contact telephone number: