Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 23-May-2014      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1804.10p    
INCLUDING current year revenue                              1844.45p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1753.78p    
INCLUDING current year revenue                              1794.13p    
The NAV includes a provision for any performance fee applicable.        
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