Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 02-July-2014     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1822.88p    
INCLUDING current year revenue                              1848.60p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1780.22p    
INCLUDING current year revenue                              1805.94p    
The NAV includes a provision for any performance fee applicable.        
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