Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 21-October-2014      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1759.35p    
INCLUDING current year revenue                              1800.44p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1710.23p    
INCLUDING current year revenue                              1751.33p    
The NAV includes a provision for any performance fee applicable.        
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