Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 03-November-2014     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1813.91p    
INCLUDING current year revenue                              1857.04p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1766.31p    
INCLUDING current year revenue                              1809.44p    
The NAV includes a provision for any performance fee applicable.        
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