Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 25-June-2014     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1798.35p    
INCLUDING current year revenue                              1822.12p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1753.93p    
INCLUDING current year revenue                              1777.70p    
The NAV includes a provision for any performance fee applicable.        
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