Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 12-March-2014        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1825.06p    
INCLUDING current year revenue                              1850.47p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1776.03p    
INCLUDING current year revenue                              1801.45p    
The NAV includes a provision for any performance fee applicable.        
---