Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 21-July-2014     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1788.05p    
INCLUDING current year revenue                              1815.16p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1743.68p    
INCLUDING current year revenue                              1770.80p    
The NAV includes a provision for any performance fee applicable.        
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