We recognize the importance of protecting your personal information.

Our relationship with you is a primary focus for both Renaissance Capital Growth & Income Fund III, Inc. ("Fund"), and Renaissance Capital Group, Inc. ("Adviser") (each a "Renaissance entity"). Whether you are a shareholder of the Renaissance Capital Growth & Income Fund III, Inc. or a visitor to the public area of our web site, we understand the importance you place on the privacy and security of information that is your personal and financial information. We refer to and threat this information as "personal information."

You have our assurance that:

• We are committed to safeguarding your privacy online.
• We do not sell your personal information to third parties.
• We may, however, share selected information under certain conditions:
• We share information with service providers and other employees and/or affiliates as part of normal business operations;
• We share information as part of normal legal/regulatory purposes required by the Internal Revenue Service, Securities and Exchange Commission, and other regulatory agencies.

Our web site does not collect personally identifying information about you except for when you specifically and knowingly provide such information to us. Our web site contains links to other web sites. The Renaissance entities are not responsible for the privacy practices or the content of such web sites.