Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 08-July-2014     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1809.81p    
INCLUDING current year revenue                              1835.36p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1766.05p    
INCLUDING current year revenue                              1791.60p    
The NAV includes a provision for any performance fee applicable.        
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