Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 29-July-2014     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1795.52p    
INCLUDING current year revenue                              1824.27p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1751.23p    
INCLUDING current year revenue                              1779.99p    
The NAV includes a provision for any performance fee applicable.        
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