Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 20-February-2014     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1817.16p    
INCLUDING current year revenue                              1832.00p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1768.46p    
INCLUDING current year revenue                              1783.30p    
The NAV includes a provision for any performance fee applicable.        
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