Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 31-July-2014     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1781.22p    
INCLUDING current year revenue                              1810.42p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1737.33p    
INCLUDING current year revenue                              1766.53p    
The NAV includes a provision for any performance fee applicable.        
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