Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 06-November-2014     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1831.01p    
INCLUDING current year revenue                              1875.77p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1783.05p    
INCLUDING current year revenue                              1827.81p    
The NAV includes a provision for any performance fee applicable.        
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