Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 27-October-2014      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1773.56p    
INCLUDING current year revenue                              1816.10p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1725.04p    
INCLUDING current year revenue                              1767.58p    
The NAV includes a provision for any performance fee applicable.        
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