Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 01-September-2014        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1824.97p    
INCLUDING current year revenue                              1863.37p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1779.04p    
INCLUDING current year revenue                              1817.44p    
The NAV includes a provision for any performance fee applicable.        
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