Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 25-September-2014        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1802.66p    
INCLUDING current year revenue                              1844.04p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1757.95p    
INCLUDING current year revenue                              1799.33p    
The NAV includes a provision for any performance fee applicable.        
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