Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 15-May-2014      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1807.32p    
INCLUDING current year revenue                              1846.38p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1755.48p    
INCLUDING current year revenue                              1794.54p    
The NAV includes a provision for any performance fee applicable.        
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