Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 28-November-2014     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1891.12p    
INCLUDING current year revenue                              1896.89p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1838.85p    
INCLUDING current year revenue                              1844.61p    
The NAV includes a provision for any performance fee applicable.        
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