Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 05-December-2014     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1900.56p    
INCLUDING current year revenue                              1906.55p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1850.01p    
INCLUDING current year revenue                              1856.00p    
The NAV includes a provision for any performance fee applicable.        
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