Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 22-September-2014        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1830.67p    
INCLUDING current year revenue                              1870.49p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1786.76p    
INCLUDING current year revenue                              1826.58p    
The NAV includes a provision for any performance fee applicable.        
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