Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 10-September-2014        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1824.87p    
INCLUDING current year revenue                              1864.97p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1779.95p    
INCLUDING current year revenue                              1820.06p    
The NAV includes a provision for any performance fee applicable.        
---