Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 29-May-2014      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1830.53p    
INCLUDING current year revenue                              1852.72p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1778.96p    
INCLUDING current year revenue                              1801.16p    
The NAV includes a provision for any performance fee applicable.        
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