Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 02-October-2014      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1777.21p    
INCLUDING current year revenue                              1818.44p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1730.85p    
INCLUDING current year revenue                              1772.08p    
The NAV includes a provision for any performance fee applicable.        
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