Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 17-October-2014      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1737.08p    
INCLUDING current year revenue                              1778.35p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1688.17p    
INCLUDING current year revenue                              1729.43p    
The NAV includes a provision for any performance fee applicable.        
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