Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 27-November-2014     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1879.68p    
INCLUDING current year revenue                              1885.45p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1827.26p    
INCLUDING current year revenue                              1833.03p    
The NAV includes a provision for any performance fee applicable.        
---