Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 23-October-2014      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1780.07p    
INCLUDING current year revenue                              1822.69p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1731.90p    
INCLUDING current year revenue                              1774.51p    
The NAV includes a provision for any performance fee applicable.        
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