Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 22-August-2014       
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1801.98p    
INCLUDING current year revenue                              1839.63p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1757.18p    
INCLUDING current year revenue                              1794.83p    
The NAV includes a provision for any performance fee applicable.        
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