Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 21-November-2013     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1728.69p    
INCLUDING current year revenue                              1731.18p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1679.45p    
INCLUDING current year revenue                              1681.93p    
The NAV includes a provision for any performance fee applicable.        
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