Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 02-January-2014      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1777.31p    
INCLUDING current year revenue                              1783.36p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1725.69p    
INCLUDING current year revenue                              1731.74p    
The NAV includes a provision for any performance fee applicable.        
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