Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 11-August-2014       
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1752.82p    
INCLUDING current year revenue                              1786.72p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1709.45p    
INCLUDING current year revenue                              1743.36p    
The NAV includes a provision for any performance fee applicable.        
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