Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 11-November-2014     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1841.27p    
INCLUDING current year revenue                              1885.79p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1793.09p    
INCLUDING current year revenue                              1837.61p    
The NAV includes a provision for any performance fee applicable.        
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