Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 30-October-2014      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1805.36p    
INCLUDING current year revenue                              1848.56p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1757.17p    
INCLUDING current year revenue                              1800.37p    
The NAV includes a provision for any performance fee applicable.        
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