Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 10-July-2014     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1792.09p    
INCLUDING current year revenue                              1818.29p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1747.95p    
INCLUDING current year revenue                              1774.14p    
The NAV includes a provision for any performance fee applicable.        
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