Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 18-August-2014       
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1788.85p    
INCLUDING current year revenue                              1825.31p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1744.37p    
INCLUDING current year revenue                              1780.82p    
The NAV includes a provision for any performance fee applicable.        
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