Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 05-November-2014     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1830.91p    
INCLUDING current year revenue                              1874.15p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1783.21p    
INCLUDING current year revenue                              1826.45p    
The NAV includes a provision for any performance fee applicable.        
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