Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 21-May-2014      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1791.65p    
INCLUDING current year revenue                              1832.05p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1741.50p    
INCLUDING current year revenue                              1781.90p    
The NAV includes a provision for any performance fee applicable.        
---