Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 29-October-2014      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1794.57p    
INCLUDING current year revenue                              1837.07p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1746.72p    
INCLUDING current year revenue                              1789.22p    
The NAV includes a provision for any performance fee applicable.        
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