Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 05-August-2014       
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1763.42p    
INCLUDING current year revenue                              1792.52p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1720.94p    
INCLUDING current year revenue                              1750.04p    
The NAV includes a provision for any performance fee applicable.        
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