Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 23-September-2014        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1807.78p    
INCLUDING current year revenue                              1847.57p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1763.70p    
INCLUDING current year revenue                              1803.49p    
The NAV includes a provision for any performance fee applicable.        
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