Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 14-October-2014      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1747.48p    
INCLUDING current year revenue                              1788.82p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1698.17p    
INCLUDING current year revenue                              1739.51p    
The NAV includes a provision for any performance fee applicable.        
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