Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 07-August-2014       
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1743.24p    
INCLUDING current year revenue                              1777.14p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1699.78p    
INCLUDING current year revenue                              1733.69p    
The NAV includes a provision for any performance fee applicable.        
---