Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 17-September-2014        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1818.81p    
INCLUDING current year revenue                              1858.77p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1774.81p    
INCLUDING current year revenue                              1814.76p    
The NAV includes a provision for any performance fee applicable.        
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