Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 01-August-2014       
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1766.16p    
INCLUDING current year revenue                              1795.39p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1721.85p    
INCLUDING current year revenue                              1751.07p    
The NAV includes a provision for any performance fee applicable.        
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