Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 26-September-2014        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1803.56p    
INCLUDING current year revenue                              1844.91p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1759.13p    
INCLUDING current year revenue                              1800.49p    
The NAV includes a provision for any performance fee applicable.        
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