Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 31-March-2014        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1802.19p    
INCLUDING current year revenue                              1831.31p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1752.74p    
INCLUDING current year revenue                              1781.86p    
The NAV includes a provision for any performance fee applicable.        
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