Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 28-August-2014       
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1810.47p    
INCLUDING current year revenue                              1848.98p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1764.41p    
INCLUDING current year revenue                              1802.93p    
The NAV includes a provision for any performance fee applicable.        
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