Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 10-October-2014      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1746.22p    
INCLUDING current year revenue                              1787.64p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1698.44p    
INCLUDING current year revenue                              1739.87p    
The NAV includes a provision for any performance fee applicable.        
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