Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 30-July-2014     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1793.88p    
INCLUDING current year revenue                              1823.11p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1750.38p    
INCLUDING current year revenue                              1779.60p    
The NAV includes a provision for any performance fee applicable.        
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