Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 31-October-2013      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1735.54p    
INCLUDING current year revenue                              1776.35p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1686.30p    
INCLUDING current year revenue                              1727.11p    
The NAV includes a provision for any performance fee applicable.        
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