Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 30-June-2014     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1814.31p    
INCLUDING current year revenue                              1837.94p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1770.37p    
INCLUDING current year revenue                              1794.00p    
The NAV includes a provision for any performance fee applicable.        
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