Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 18-September-2014        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1829.76p    
INCLUDING current year revenue                              1869.69p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1786.55p    
INCLUDING current year revenue                              1826.47p    
The NAV includes a provision for any performance fee applicable.        
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