Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 02-December-2014     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1888.63p    
INCLUDING current year revenue                              1894.32p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1837.09p    
INCLUDING current year revenue                              1842.78p    
The NAV includes a provision for any performance fee applicable.        
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