Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 25-July-2014     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1793.65p    
INCLUDING current year revenue                              1822.52p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1749.43p    
INCLUDING current year revenue                              1778.30p    
The NAV includes a provision for any performance fee applicable.        
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