Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 04-September-2014        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1841.46p    
INCLUDING current year revenue                              1880.58p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1796.91p    
INCLUDING current year revenue                              1836.03p    
The NAV includes a provision for any performance fee applicable.        
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