Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 31-January-2014      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1750.94p    
INCLUDING current year revenue                              1761.34p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1700.74p    
INCLUDING current year revenue                              1711.14p    
The NAV includes a provision for any performance fee applicable.        
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