Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 29-April-2014        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1810.37p    
INCLUDING current year revenue                              1846.53p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1760.42p    
INCLUDING current year revenue                              1796.58p    
The NAV includes a provision for any performance fee applicable.