Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 15-July-2014     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1795.90p    
INCLUDING current year revenue                              1821.97p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1752.68p    
INCLUDING current year revenue                              1778.75p    
The NAV includes a provision for any performance fee applicable.        
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