Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 27-December-2013     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1780.85p    
INCLUDING current year revenue                              1786.52p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1729.22p    
INCLUDING current year revenue                              1734.90p    
The NAV includes a provision for any performance fee applicable.        
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