Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 26-November-2014     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1867.01p    
INCLUDING current year revenue                              1910.76p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1815.38p    
INCLUDING current year revenue                              1859.13p    
The NAV includes a provision for any performance fee applicable.        
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