Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 12-June-2014     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1845.82p    
INCLUDING current year revenue                              1869.02p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1796.44p    
INCLUDING current year revenue                              1819.64p    
The NAV includes a provision for any performance fee applicable.        
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