Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 09-May-2014      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1808.95p    
INCLUDING current year revenue                              1847.37p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1759.50p    
INCLUDING current year revenue                              1797.93p    
The NAV includes a provision for any performance fee applicable.        
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