Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 13-November-2014     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1851.42p    
INCLUDING current year revenue                              1895.91p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1802.42p    
INCLUDING current year revenue                              1846.92p    
The NAV includes a provision for any performance fee applicable.        
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