Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 24-July-2014     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1807.24p    
INCLUDING current year revenue                              1836.14p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1763.55p    
INCLUDING current year revenue                              1792.45p    
The NAV includes a provision for any performance fee applicable.        
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