Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 07-July-2014     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1831.00p    
INCLUDING current year revenue                              1856.57p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1788.25p    
INCLUDING current year revenue                              1813.82p    
The NAV includes a provision for any performance fee applicable.        
---