Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 30-May-2014      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1830.48p    
INCLUDING current year revenue                              1852.65p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1779.16p    
INCLUDING current year revenue                              1801.32p    
The NAV includes a provision for any performance fee applicable.        
---