Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 14-August-2014       
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1776.59p    
INCLUDING current year revenue                              1813.20p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1732.30p    
INCLUDING current year revenue                              1768.91p    
The NAV includes a provision for any performance fee applicable.        
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