Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 16-October-2014      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1713.89p    
INCLUDING current year revenue                              1755.19p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1663.76p    
INCLUDING current year revenue                              1705.06p    
The NAV includes a provision for any performance fee applicable.        
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