Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 27-August-2014       
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1814.67p    
INCLUDING current year revenue                              1853.22p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1768.50p    
INCLUDING current year revenue                              1807.04p    
The NAV includes a provision for any performance fee applicable.        
---