Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 12-August-2014       
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1754.38p    
INCLUDING current year revenue                              1788.26p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1710.77p    
INCLUDING current year revenue                              1744.65p    
The NAV includes a provision for any performance fee applicable.        
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