Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 16-December-2013     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1729.12p    
INCLUDING current year revenue                              1733.57p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1680.40p    
INCLUDING current year revenue                              1684.85p    
The NAV includes a provision for any performance fee applicable.        
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