Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 28-May-2014      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1823.07p    
INCLUDING current year revenue                              1845.28p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1771.59p    
INCLUDING current year revenue                              1793.81p    
The NAV includes a provision for any performance fee applicable.        
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