Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 20-August-2014       
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1790.30p    
INCLUDING current year revenue                              1827.99p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1745.67p    
INCLUDING current year revenue                              1783.37p    
The NAV includes a provision for any performance fee applicable.        
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