Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 22-January-2014      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1796.68p    
INCLUDING current year revenue                              1807.32p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1749.02p    
INCLUDING current year revenue                              1759.65p    
The NAV includes a provision for any performance fee applicable.        
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