RENN Fund : 2022 Annual Shareholder Meeting Proxy Card

ANNUAL MEETING OF SHAREHOLDERS OF

RENN FUND, INC.

September 15, 2022

GO GREEN

e-Consent makes it easy to go paperless. With e-Consent. you can quickly access your proxy material, statements and other eligible documents online, while reducing costs, clutter and paper waste. Enroll today via www.amstock.com to enjoy online access.

NOTICE OF INTERNET AVAILABILITY OF PROXY MATERIAL

The Notice of Meeting, proxy statement and proxy card are available at [ https://horizonkinetics.com/investment-strategies/renn-fund-inc-nyse-rcg/ ]

Please sign, date and mail

your proxy card in the

envelope provided as soon

as possible.

Please detach along perforated line and mail in the envelope provided.

THE BOARD OF DIRECTORS RECOMMENDS A VOTE FOR EACH OF THE PROPOSALS AND NOMINEES FOR DIRECTOR SET FORTH BELOW.

PLEASE SIGN, DATE AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE. PLEASE MARK YOUR VOTE IN BLUE OR BLACK INK AS SHOWN HERE 

1. To elect Russell Cleveland as a Class Three Director of RENN Fund, Inc., (the "Fund"), for a term of three (3) years or until his successor is elected and qualified.

2. To elect Murray Stahl as a Class Three Director of RENN Fund, Inc., (the "Fund"), for a term of three (3) years or until his successor is elected and qualified.

3. To ratify the appointment by the Fund's Board of Directors of Tait, Weller & Baker LLP, as the auditor for the Fund for the fiscal year ending December 31, 2022.

NEW ADDRESS:

For Against Abstain

  

  

  

THIS PROXY IS REVOCABLE AND WILL BE VOTED AS DIRECTED BY THE UNDERSIGNED HEREIN; where no choice is specified, it will be voted FOR each of the Proposals and nominees set forth above.

To change the address on your account, please check the box at right and	
indicate your new address in the address space above. Please note that
changes to the registered name(s) on the account may not be submitted via this
method.
Signature of Shareholder		Date:				Signature of Shareholder		Date:

Note	Please sign exactly as your name or names appear on this Proxy. When shares are held jointly, each holder should sign. When signing as executor, administrator, attorney, trustee or guardian, please give full
	title as such. If the signer is a corporation, please sign full corporate name by duly authorized officer, giving full title as such. If signer is a partnership, please sign in partnership name by authorized person.

ANNUAL MEETING OF SHAREHOLDERS OF

RENN FUND, INC.

September 15, 2022

PROXY VOTING INSTRUCTIONS

INTERNET·- Access "www.voteproxy.com" Have your proxy card available when you access the web page.

TELEPHONE- Call toll-free1-800-PROXIES (1-800-776-9437) in the United States or 1-718-921-8500 from foreign countries from any touch- tone telephone and follow the instructions. Have your proxy card available when you call.

Vote online/phone until 11:59 PM EST the day before the meeting.

MAIL- Sign, date and mail your proxy card in the envelope provided as soon as possible.

IN PERSON/VIRTUAL- You may vote your shares in person by attending the Annual Meeting, or virtually via live audio webcast online and by faxing your completed proxy card to 718-765-8730.

GO GREEN- e-Consent makes it easy to go paperless. With e- Consent. you can quickly access your proxy material, statements and other eligible documents online, while reducing costs, clutter and paper waste. Enroll today via www.amstock.com to enjoy online access.

COMPANY NUMBER

ACCOUNT NUMBER

NOTICE OF INTERNET AVAILABILITY OF PROXY MATERIAL

The Notice of Meeting, proxy statement and proxy card

are available at[https://horizonkinetics.com/investment-strategies/renn-fund-inc-nyse-rcg/ ]

Please detach along perforated line and mail in the envelope provided IFyou are not voting via telephone or the

internet

THE BOARD OF DIRECTORS RECOMMENDS A VOTE FOR EACH OF THE PROPOSALS AND NOMINEES FOR DIRECTOR SET FORTH BELOW.

PLEASE SIGN, DATE AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE. PLEASE MARK YOUR VOTE IN BLUE OR BLACK INK AS SHOWN HERE 

NEW ADDRESS:

1. To elect Russell Cleveland as a Class Three Director of RENN Fund, Inc., (the "Fund"), for a term of three
2. 1. years or until his successor is elected and qualified.
3. To elect Murray Stahl as a Class Three Director of RENN Fund, Inc., (the "Fund"), for a term of three (3) years or until his successor is elected and qualified.
4. To ratify the appointment by the Fund's Board of Directors of Tait, Weller & Baker LLP, as the auditor for the Fund for the fiscal year ending December 31, 2022.

For Against Abstain

  

  

  

To change the address on your account, please check the box at right and

indicate your new address in the address space above. Please note that  changes to the registered name(s) on the account may not be submitted via

this method.

THIS PROXY IS REVOCABLE AND WILL BE VOTED AS DIRECTED BY THE UNDERSIGNED HEREIN; where no choice is specified, it will be voted FOR each of the Proposals and nominees set forth above.

Signature of Shareholder		Date:		Signature of Shareholder		Date:
Note	Please sign exactly as your name or names appear on this Proxy. When shares are held jointly, each holder should sign. When signing as executor, administrator, attorney, trustee or guardian, please give full
	title as such. If the signer is a corporation, please sign full corporate name by duly authorized officer, giving full title as such. If signer is a partnership, please sign in partnership name by authorized person.

RENN FUND, INC.

FOR THE ANNUAL MEETING OF SHAREHOLDERS

SEPTEMBER 15, 2022

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS

The undersigned shareholder of RENN Fund, Inc. (the "Fund") acknowledges receipt of the Notice of Annual Meeting of Shareholders of the Fund and hereby appoints Murray Stahl and Jay Kesslen, and each of them, and each with full power of substitution, to act as attorneys and proxies for the undersigned to vote all the shares of common stock of the Fund which the undersigned is entitled to vote at the Annual Meeting of Shareholders of the Fund to be held in person or via virtual format conducted via live audio webcast online on Thursday, September 15, 2022, at 1:00 p.m., Eastern Standard Time, and at all postponements or adjournments thereof, as indicated on this proxy. Such shares shall be voted as indicated with respect to the proposals listed on the reverse side hereof and on such other matters as may properly come before the meeting (or any postponements or adjournments thereof) pursuant to the proxy in their discretion and as they deem appropriate. If there are not enough votes to approve any Proposals at the Annual Meeting, the shareholders who are represented may adjourn the Annual Meeting to permit the further solicitation of proxies.

(Continued and to be signed on the reverse side.)