Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 31-December-2013     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1782.06p    
INCLUDING current year revenue                              1788.13p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1730.43p    
INCLUDING current year revenue                              1736.50p    
The NAV includes a provision for any performance fee applicable.        
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