Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 11-September-2014        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1821.18p    
INCLUDING current year revenue                              1861.25p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1776.59p    
INCLUDING current year revenue                              1816.66p    
The NAV includes a provision for any performance fee applicable.        
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