Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 12-September-2014        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1830.28p    
INCLUDING current year revenue                              1870.32p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1786.14p    
INCLUDING current year revenue                              1826.18p    
The NAV includes a provision for any performance fee applicable.        
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