Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 28-October-2014      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1782.75p    
INCLUDING current year revenue                              1825.27p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1734.62p    
INCLUDING current year revenue                              1777.14p    
The NAV includes a provision for any performance fee applicable.        
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