Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 28-July-2014     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1790.50p    
INCLUDING current year revenue                              1819.28p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1746.58p    
INCLUDING current year revenue                              1775.36p    
The NAV includes a provision for any performance fee applicable.        
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