Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 24-December-2013     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1767.27p    
INCLUDING current year revenue                              1773.03p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1715.64p    
INCLUDING current year revenue                              1721.40p    
The NAV includes a provision for any performance fee applicable.        
---