Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 01-October-2014      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1799.09p    
INCLUDING current year revenue                              1840.33p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1753.32p    
INCLUDING current year revenue                              1794.56p    
The NAV includes a provision for any performance fee applicable.        
---