Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 20-January-2014      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1801.51p    
INCLUDING current year revenue                              1810.76p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1752.93p    
INCLUDING current year revenue                              1762.19p    
The NAV includes a provision for any performance fee applicable.        
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