Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 15-October-2014      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1714.42p    
INCLUDING current year revenue                              1755.75p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1661.88p    
INCLUDING current year revenue                              1703.21p    
The NAV includes a provision for any performance fee applicable.        
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