Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 19-September-2014        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1840.16p    
INCLUDING current year revenue                              1880.06p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1796.89p    
INCLUDING current year revenue                              1836.79p    
The NAV includes a provision for any performance fee applicable.        
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