Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 17-July-2014     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1793.59p    
INCLUDING current year revenue                              1820.81p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1749.53p    
INCLUDING current year revenue                              1776.75p    
The NAV includes a provision for any performance fee applicable.        
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