Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 24-September-2014        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1809.98p    
INCLUDING current year revenue                              1851.38p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1765.77p    
INCLUDING current year revenue                              1807.17p    
The NAV includes a provision for any performance fee applicable.        
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