Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 29-September-2014        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1810.84p    
INCLUDING current year revenue                              1852.17p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1766.01p    
INCLUDING current year revenue                              1807.34p    
The NAV includes a provision for any performance fee applicable.        
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