Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 15-September-2014        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1824.70p    
INCLUDING current year revenue                              1864.66p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1780.79p    
INCLUDING current year revenue                              1820.75p    
The NAV includes a provision for any performance fee applicable.        
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