Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 19-May-2014      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1786.68p    
INCLUDING current year revenue                              1825.62p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1735.86p    
INCLUDING current year revenue                              1774.81p    
The NAV includes a provision for any performance fee applicable.        
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