Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 12-May-2014      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1818.15p    
INCLUDING current year revenue                              1856.49p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1769.26p    
INCLUDING current year revenue                              1807.60p    
The NAV includes a provision for any performance fee applicable.        
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