Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 17-November-2014     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1855.41p    
INCLUDING current year revenue                              1899.80p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1805.49p    
INCLUDING current year revenue                              1849.88p    
The NAV includes a provision for any performance fee applicable.        
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