Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 21-January-2014      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1799.94p    
INCLUDING current year revenue                              1809.17p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1751.40p    
INCLUDING current year revenue                              1760.63p    
The NAV includes a provision for any performance fee applicable.        
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