Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 13-December-2013     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1716.00p    
INCLUDING current year revenue                              1720.52p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1666.76p    
INCLUDING current year revenue                              1671.29p    
The NAV includes a provision for any performance fee applicable.        
---