Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 11-July-2014     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1795.89p    
INCLUDING current year revenue                              1822.09p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1752.02p    
INCLUDING current year revenue                              1778.22p    
The NAV includes a provision for any performance fee applicable.        
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