Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 04-August-2014       
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1760.06p    
INCLUDING current year revenue                              1789.20p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1715.47p    
INCLUDING current year revenue                              1744.61p    
The NAV includes a provision for any performance fee applicable.        
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