Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 24-October-2014      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1770.51p    
INCLUDING current year revenue                              1813.10p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1722.07p    
INCLUDING current year revenue                              1764.66p    
The NAV includes a provision for any performance fee applicable.        
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