Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 30-September-2014        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1809.80p    
INCLUDING current year revenue                              1851.07p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1764.71p    
INCLUDING current year revenue                              1805.97p    
The NAV includes a provision for any performance fee applicable.        
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