Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 23-December-2013     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1764.58p    
INCLUDING current year revenue                              1770.37p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1715.87p    
INCLUDING current year revenue                              1721.66p    
The NAV includes a provision for any performance fee applicable.        
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