Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 14-July-2014     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1811.42p    
INCLUDING current year revenue                              1837.53p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1767.57p    
INCLUDING current year revenue                              1793.69p    
The NAV includes a provision for any performance fee applicable.        
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