Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 16-September-2014        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1820.34p    
INCLUDING current year revenue                              1860.24p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1776.28p    
INCLUDING current year revenue                              1816.18p    
The NAV includes a provision for any performance fee applicable.        
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