Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 19-August-2014       
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1797.72p    
INCLUDING current year revenue                              1834.16p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1752.80p    
INCLUDING current year revenue                              1789.24p    
The NAV includes a provision for any performance fee applicable.        
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