Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 20-November-2013     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1726.33p    
INCLUDING current year revenue                              1729.10p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1677.08p    
INCLUDING current year revenue                              1679.85p    
The NAV includes a provision for any performance fee applicable.        
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