Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 03-July-2014     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1840.23p    
INCLUDING current year revenue                              1865.91p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1797.54p    
INCLUDING current year revenue                              1823.23p    
The NAV includes a provision for any performance fee applicable.        
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