Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 09-July-2014     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1801.98p    
INCLUDING current year revenue                              1828.20p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1758.15p    
INCLUDING current year revenue                              1784.37p    
The NAV includes a provision for any performance fee applicable.        
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