Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 22-May-2014      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1800.17p    
INCLUDING current year revenue                              1840.54p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1750.13p    
INCLUDING current year revenue                              1790.50p    
The NAV includes a provision for any performance fee applicable.        
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